MarketStock Market

Nippon India Mutual Fund Things You Need To Know Before Investment

With $2,79,369 billion in assets under management (AUM), Nippon India Mutual Fund is one of India’s biggest asset management firms (as of May 31 2022 ). When the insurer Nippon Life Insurance Company of Japan and Reliance Capital were partners, the business was formerly known as Reliance Mutual Fund. Later, Nippon Life raised its ownership in the joint venture to 75%. In September 2019, it changed its name to Nippon India Mutual Fund. In 2017, it was the first mutual fund business to list on stock exchanges.

In June 1995, it was filed with the Securities and Exchange Board of India (SEBI). The mission of the business is to “consistently improve investors’ financial future by utilising the best of our local and worldwide skills.”

Briff Information

Mutual Fund NameNippon India Mutual Fund
FoundedJun 30, 1995
Trustee OrganisationReliance Capital Trustee Company Ltd
MD and CEOSundeep Sikka
Compliance OfficerMilind Nesarikar

How to invest in Nippon India Mutual Fund?s schemes?

  • Visit AMC’s official website
  • Through a mutual fund distributor or broker

Also Read: Axis Mutual Fund Things You Need To Know Before Investing

How to invest in mutual funds

  • Check out the official website. Join using your email and OTP.
  • Pick a fund. the amount of the investment. Decide whether to invest once (Lumpsum) or over time (SIP).
  • Type your PAN, full name, and cellphone number verification.
  • Provide bank account information and choose a payment method. Establish a mandate for SIP.
  • Participate in the KYC procedure, which includes a live video and a selfie. Give the necessary information and e-sign.
  • The transaction is completed after the KYC documents are verified.

Mr. Sailesh Raj Bhan: Deputy CIO – Equity

In the Indian equity markets, Mr. Sailesh Raj Bhan has more than 24 years of experience. Since its creation in 2004, he has been in charge of managing India’s biggest pharma sector fund. Additionally, he oversees the Nippon India Multi-Cap Fund and Nippon India Large Cap Fund, two of the industry’s leading diversified equities schemes. He also provides guidance on foreign mandates for some strategies for the previous five years.

Are Nippon India Mutual Fund schemes safe to invest in?

Market-linked investment vehicles include mutual funds. In other words, because of how heavily market fluctuations affect their performance, the asset management firm is unable to guarantee the security of your money. Your Nippon India Mutual Fund investments’ Net Asset Value may also change in response to changes in the market. However, SEBI regulates all mutual funds in India, making them comparatively safer investments. Prior to making an investment decision, you can also check the risk-o-meter to see whether a mutual fund scheme contains a high, moderate, or low risk.

Also Read: HDFC Mutual Fund Things You Need To Know Before Investing

Which Nippon India Mutual Fund scheme is the best for short-term investment?

Typically, short-term investment has a duration of up to three years. You ought to think about debt money for such a brief time. Make sure that your investment horizon and the fund’s average portfolio maturity match when investing in debt funds. For instance, if the investment is only for a few days, you might want to think about overnight funds. Liquid funds are ideal for investments lasting up to three months. Keep in mind that low duration funds must own securities with an average maturity of between six and twelve months. Additionally, securities with a one- to three-year maturity are held by short duration funds.

Are Nippon India Mutual Fund schemes tax-free?

The tax imposed on mutual fund returns is known as capital gains tax and is determined by the category under which they fall. The table showing the tax rates for different kinds of mutual funds and capital gains is below:

Mutual Fund TypeHolding PeriodType of capital gains taxTax Liability
Debt-orientedLess than 36 monthsSTCGAs per the investor’s income tax slab rate
Equity-orientedLess than 12 monthsSTCG15%
Debt-orientedGreater than 36 monthsLTCG20% with indexation
Equity-orientedGreater than 12 monthsLTCG10% for amounts exceeding Rs 1 Lakh

How can I cancel the ongoing SIP in a Nippon India Mutual Fund scheme?

You must go to the Nippon India Mutual Fund’s official website or the online investing platform you used to set up the SIP mandate if you want to cancel your continuing SIP with the mutual fund. Enter your account information and choose the investment you want to cancel. To stop the SIP, adhere to the instructions. Additionally, you can stop the SIP by making a request in person at the AMC branch.

  • On official app or website, click on the profile icon and select SIPs/MySIP option.
  • In this section, you will see all the ongoing SIPs.
  • Click on any SIP to open a detailed view.
  • On the top right corner, click the three dots, which will take you to the Modify SIP screen.
  • You will see the “Cancel this SIP” option below.
  • Once you click it, you will receive an OTP.
  • On entering the correct OTP, SIP will be cancelled.

How can I increase the SIP amount of Nippon India mutual funds?

There are two options on how to do this. The top-up SIP option is the initial choice when beginning your investment. This enables you to automatically increase the SIP amount by a predefined percentage (let’s say 25%) or amount (let’s say Rs 3,000) at predetermined intervals, such quarterly or yearly. To raise the investment amount, you can also start a new SIP in the same fund.


Nippon India Mutual Fund Things You Need To Know Before Investment

It is a moderately risky investment that has generated a CAGR/annualized return of 19.5% since its inception. 6th place in the Small Cap category. 2021’s return was 74.3%, 2022’s was 6.5%, and 2020’s was 29.2%. Asset Management Nippon Life Ltd.

What should you do before investing in a mutual fund?

Check out the Prospectus. Read the prospectus carefully before investing in mutual fund shares. Recognize the risks. Recognize that investing in mutual funds carries risk. Recognize The Costs. All mutual funds include expenses that reduce the profits on your investments.

Also Read: Aditya Birla Sun Life Mutual Fund Things You Need To Know Before Investment

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Riya Kapoor

Riya Kapoor writes about lifestyle, entertainment, news and gadgets. She has been in this industry for almost 4 years now. She is a graduate from Delhi University with English Hons and had deep connection with writing since her childhood.

Related Articles

Back to top button