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Reliance Nippon Mutual Fund: NAV, Performance, Latest MF Schemes

About Reliance Nippon Mutual Fund

The Nippon India Mutual Fund was incorporated as the Reliance Mutual Fund in 1995. It is one of the most prominent mutual funds of the country both by age and by the assets under management of the mutual fund. The mutual fund has been known as the Nippon India Mutual Fund since 2019. The Nippon India Mutual Fund has some of the fastest-growing schemes in India.

The total value of the assets under management of the Nippon Indian Mutual Fund is Rs. 2.17 lakh crore as of 1 March 2021. It contains a wide variety of mutual fund schemes that allow its investors to invest in a truly diversified portfolio. The Nippon India Mutual Fund offers debt funds, equity funds, gold funds, and liquid funds. Several among these funds are of the balanced and tax saver kind as well. 

Nippon India Mutual Fund is sponsored by Nippon Life Insurance Company Ltd. Nippon Life Insurance Company is the foremost life insurance company of Japan. It offers individual and group life insurance as well as annuity policies. Its headquarters are in Japan, but it also operates in Europe, Nother America, and Oceania. It has more than 70 thousand employees and assets worth more than 70 billion yen.

The Nippon India Mutual Find has over 350 schemes, which include 52 equity, 266 debt, and 40 balanced funds. Sundeep Sikka is the CEO of the company, and it has six trustees. Manish Gunwani is the Chief Investment Officer for the debt funds, while Amit Tripathi holds the same post for equity funds.

Important Information

Name of the AMCNippon India Mutual Fund (Formerly Reliance Mutual Fund)
Incorporation Date30 June 1995
Sponsors Nippon Life Insurance Company (NLI)
TrusteeNippon Life India Trustee Limited (Formerly known as ​​​​​​​​​​Reliance Capital Trustee Co. Limited) (NLIT)
Trustees’ NamesNilesh S. Vikamsey Kohei Sano Rajiv A.N. Shanbhag Vijay Kumar Chopra Upendra Joshi
MD/CEOSundeep Sikka
CIOManish Gunwani Amit Tripathi
AAUMRs. 213033.15 Cr as of 1 March 2021

Growth Fund | Nippon India Mutual Fund – YouTube

Best Reliance Mutual Fund Schemes

There are several Reliance Mutual Fund Schemes that feature among the top schemes available to investors in the market. Let us look at the top ten among these schemes.

1. Nippon India Growth Fund Direct

The Nippon India Growth Fund has been among the most successful funds in the Indian market over the past few years. It has a CRISIL rating of 3, and investors have realised returns of over 38% in the past year and almost 19% in the last five years, as of 1 March 2021.

Minimum InvestmentINR 100
Minimum Additional Investment INR 100
Minimum SIP InvestmentINR 100
Minimum WithdrawalINR 100
Exit Load1% for redemption within 30 days; Nil for redemption after 30 days
Return Since Inception:15.39%
AssetsINR 9031 Crore
Expense Ratio1.22%

*All values as of 1 March 2021

2. Nippon India Gilt Securities Fund Direct

The Nippon India Gilt Securities Fund is rated 4 by CRISIL and is among the best performing debt funds in the market. It has an AUM of 1525 Crore as of 1 March 2021 and has 6.62% over the last year and nearly 11% over the last five years.

Minimum InvestmentINR 5000
Minimum Additional Investment INR 1000
Minimum SIP InvestmentINR 100
Minimum WithdrawalINR 100
Exit Load0.25% for redemption within 7 days; Nil for redemption after 7 days
Return Since Inception:10.44%
AssetsINR 1525 Crore
Expense Ratio0.61%

*All values as of 1 March 2021

3. Nippon India Value Fund Direct

The Nippon India Value Fund is an equity fund that has an AUM of 3517 Crore as of 1 March 2021. It carries a CRISIL rating of 3 and has returned more than 17.25% in the last five years.

Minimum InvestmentINR 500
Minimum Additional Investment INR 500
Minimum SIP InvestmentINR 100
Minimum WithdrawalINR 100
Exit Load1% for redemption within 365 days for units more than 10% of investment; Nil for redemption after 365 days
Return Since Inception:14.03%
AssetsINR 3517 Crore
Expense Ratio1.41%

*All values as of 1 March 2021

4. Nippon India Income Fund Direct

The Nippon India Income Fund has been an extremely successful fund, giving it a CRISIL rating of 4. Though it is a comparatively small fund with an AUM of 306 crores, it has returned 9.15% in the last five years as of 1 March 2021, which is significant for a debt fund.

Minimum InvestmentINR 5000
Minimum Additional Investment INR 1000
Minimum SIP InvestmentINR 100
Minimum WithdrawalINR 100
Exit Load1% for redemption within 15 days; Nil for redemption after 15 days
Return Since Inception:8.75%
AssetsINR 306 Crore
Expense Ratio0.58%

*All values as of 1 March 2021

5. Nippon India Small Cap Fund Direct

The Nippon India Small Cap Fund is a high-performance equity fund that has among the highest returns for any fund in the Indian market. Since its inception, it has returned over 15% and has accumulated an AUM of over 12000 crores as of 1 March 2021.

Minimum InvestmentINR 5000
Minimum Additional Investment INR 1000
Minimum SIP InvestmentINR 100
Minimum WithdrawalINR 100
Exit Load1% for redemption within 30 days; Nil for redemption after 30 days
Return Since Inception:15.39%
AssetsINR 12474 Crore
Expense Ratio1.01%

*All values as of 1 March 2021

6. Nippon India Banking & PSU Debt Fund Direct

The Nippon India Banking & PSU Debt Fund invests exclusively in Banks and Public Sector Undertakings of the Government of India. Despite being a debt fund, it has been able to return nearly 9% in the last five years as of 1 March 2021.

Minimum InvestmentINR 5000
Minimum Additional Investment INR 1000
Minimum SIP InvestmentINR 100
Minimum WithdrawalINR 100
Exit LoadNil
Return Since Inception:8.81%
AssetsINR 6636 Crore
Expense Ratio0.33%

*All values as of 1 March 2021

7. Nippon India Floating Rate Fund Direct

The Nippon India Floating Rate Fund is another debt fund that has performed rather well since its inception and has had a constant rate of return of over 8% a year over the last 5 years, as of 1 March 2021.

Minimum InvestmentINR 5000
Minimum Additional Investment INR 1000
Minimum SIP InvestmentINR 100
Minimum WithdrawalINR 100
Exit LoadNil
Return Since Inception:8.68%
AssetsINR 13114 Crore
Expense Ratio0.24%

*All values as of 1 March 2021

8. Nippon India Short Term Fund Direct

The Nippon India Short Term Fund has an AUM of nearly 8000 Crore as of 1 March 2021. It has had a constant annual rate of return that has been over 8.5% since its inception.

Minimum InvestmentINR 500
Minimum Additional Investment INR 500
Minimum SIP InvestmentINR 100
Minimum WithdrawalINR 100
Exit LoadNil
Return Since Inception:8.84%
AssetsINR 7903 Crore
Expense Ratio0.34%

*All values as of 1 March 2021

9. Nippon India Money Market Fund Direct

The Nippon India Money Market Fund is a debt fund with a CRISIL rating of 4 and an AUM f nearly 7000 crores as of 1 March 2021. Its rate of return has been over 7% annually for nearly all of its existence.

Minimum InvestmentINR 500
Minimum Additional Investment INR 500
Minimum SIP InvestmentINR 100
Minimum WithdrawalINR 100
Exit LoadNil
Return Since Inception:7.79%
AssetsINR 6865 Crore
Expense Ratio0.19%

*All values as of 1 March 2021

10. Nippon India Vision Fund

The Nippon India Vision Fund is a relatively new offering from the Nippon India Mutual Fund and has provided a handsome rate of return of over 12% since its inception as of 1 March 2021. It has an AUM of over 2800 crore.

Minimum InvestmentINR 5000
Minimum Additional Investment INR 1000
Minimum SIP InvestmentINR 100
Minimum WithdrawalINR 100
Exit Load1% for redemption within 365 days for units more than 10% of investment; Nil for redemption after 365 days
Return Since Inception:12.09%
AssetsINR 2830 Crore
Expense Ratio1.58%

*All values as of 1 March 2021

How Can You Invest in Reliance Mutual Fund Via EduFund?

  • You can use EduFund to invest in the Reliance Nippon Mutual Fund and secure your child’s education abroad. Here are the steps that will enable you to invest in the Reliance Nippon Mutual Fund through EduFund.
  • Download the EduFund app from the App Store or the Google Play Store.
  • Create an account on EduFund.
  • Enter your goals for your child’s education. You can enter details like the country you are targeting, the level of education you want to send your child abroad for, and the specialization you want your child to pursue abroad. You can also enter the rank range of the college you want to send your child to and the kind of city the college should be in.
  • You will get a list of colleges that match the criteria you have input. Alongside, you will also receive data regarding the tuition fees of such institutes. 
  • Based on your financial goals, you can now invest in the best performing Reliance Nippon Mutual Fund. Based on past data, you can determine the amount of time it will take you to generate enough funds to secure your child’s education.
  • You can use the EduFund app to continuously track your investments. You can pay using several different modes of payment and keep track of the performance of the fund you have invested in.
  • If you are confused regarding where to send your child to study and the financial goals you should set, you can speak with expert education counsellors with vast experience in the financials involved in studying abroad.

Leading Fund Managers at Reliance Mutual Fund

For any mutual fund, the person that matters most to the general public is the fund manager. The fund manager has a significant amount of control over decisions associated with the fund and hence determines where the money you invest will be allocated. In many ways, the fund managers are the ultimate authority that decides whether your money will be put to loss-making or profit-making purposes. It is hence important for fund managers to be competent, educated, and experienced.

Here are top fund managers of the Reliance Mutual Fund, who have had the greatest returns over the past months and years or have been entrusted with large volumes of assets due to their great past performance.

Samir Rachh

Mr Samir Rachh is one of the most experienced fund managers at Reliance Mutual Fund. He has experience in various different industries, and the amount of work that he has done spans over 29 years now. At the same time, he is also among the most prolific managers of the Reliance Mutual Fund and among the most prolific experts in small-cap and mid-cap stocks.

Mr Samir Rachh graduated in commerce from Mumbai University. After this, he spent three years at the Capital Market magazine as its Assistant Editor. Post this stint in journalism, he set up his own research and investment advisory firm known as Avicon Research. Here, he spent another three years as its managing partner. He then spent four years managing funds and research at Hinduja Finance, post which he was with Emkay Global Financial Services Ltd. for four years. At Emkay Global Financial Services Ltd., he was the Head of Institution Research for two years and the Head of PMS for another two years. For more than twelve years now, Mr Rachh has been working for the Reliance Mutual Fund.

Mr Samir Rachh is the fund manager for three schemes. The AUM for these three schemes is over 10,000 crore as of 1 March 2021. Between 2016 and 2021, the schemes managed by Mr Rachh have delivered a maximum yearly return of 21.4%. He manages the Nippon Small Cap Fund, which has returns of over 30% between 2018 and 2020, and the Nippon Small Cap Direct Fund, which has returns of over 33% at the same time.

Anju Chhajer

Ms Anju Chhajer is another one of the fund managers at the Reliance Mutual Fund, who has given really high returns to investors over the past few years. She has more than 20 years of experience as a fund manager, the vast majority of which have been spent at the Reliance Mutual Fund.

Ms Anu Chhajer is a graduate in commerce from the Shib Nath Shastri College in Kolkata. She is also a certified chartered accountant. From 1997 to 2007, she was employed at the National Insurance Co. Ltd. Here, she was the treasury in charge and managed the debt investment portfolio that the company offered. In 2007, Ms Chhajer joined the Reliance Mutual Fund as a fund manager. She is now a Senior Fund Manager at Reliance Mutual Fund.

Ms Anju Chhajer manages a total of 45 schemes at Reliance Mutual Fund, which include a number of different high-performing funds. She has a total AUM of more than 66,000 crores as of 1 March 2021. Between 2016 and 2021, here highest yearly returns have been 19.58%. She manager the Nippon Liquid Fund – IP, which has returned nearly 19% between 2018 and 2021. She also manages the Nippon Liquid Fund – Direct, which has returned 19.2% in the same time and has a total asset value of more than 19,000 crores as of 1 March 2021.

Vinay Sharma

Mr Vinay Sharma is another prolific expert and fund manager at Reliance Mutual Fund. He has been here for nearly three years now and has been a fund manager for more than a decade. He primarily manages equity funds for Reliance Mutual Fund.

Mr Vinay Sharma graduated from the Malaviya National Institute of Technology in Jaipur with a Bachelor of Architecture degree. Post his graduation, he gained admission into the Indian Institute of Management Calcutta for a Post Graduate Diploma in Computer-Aided Management. He also gained qualification as a Chartered Financial Analyst from the CFA Institute. Mr Sharma joined JP Morgan Chase as an Equity Analyst in 2004 and was a part of the Asian Banking Research Team. After working there for two years, he joined AIG Investments as an Equity Analyst. Here he managed over USD 500 million in equity funds through the mutual fund and other offshore Indian funds. He was then a fund manager at ICICI Prudential AMC Ltd. from 2010 to 2018. Here, he managed the FMCG sector fund in addition to other large-cap and mid-cap funds. He joined Reliance Mutual Fund in 2018.

Mr Vinay Sharma manages two schemes at the Reliance Mutual Fund, with a total AUM of more than 6,800 crores as of 1 March 2021. He manages the Nippon India Focused Equity Fund, which gave returns of over 17% in 2020.

Manish Gunwani

Mr Manish Gunwani is a prolific fund manager and also one of the Chief Investment Officers at Reliance Mutual Fund. He has more than 10 years of experience as a fund manager.

Mr Gunwani earned his Bachelor of Technology in Mechanical Engineering from the Indian Institute of Technology Madras, one of Inai’s foremost engineering universities. He then went on to earn a Post Graduate Diploma in Management in Finance from the Indian Institute of Management Calcutta. He joined Prime Securities as an Equity Research Analyst in 1996 and handles equity research on the software, FMCG, and banking industries. He was then an Equity Research Analyst at SSKI, covering the software industry before moving on to set up his own venture, named Vicisoft technologies. ViciSoft Technologies created efficient document management solutions for all scales and levels. In 2010, Mr Gunwani left Vicisoft Technologies to become a SeniorFund Manager at ICICI Prudential AMC Ltd. He has been the Chief Investment Officer for Equities at Reliance Mutual Fund since 2017.

The total AUM of Mr Manish Gunwani is nearly 12,000 crore as of 1 March 2021, with a maximum annual return of 18.75% between 2016 and 2021. He manages 7 schemes, including the Nippon Growth Fund – Direct, which has returned 45.2% between 2018 and 2021. He also managed the Nippon Balanced Advantage Fund – Direct, which has returned 34% in this time.

Sailesh Raj Bhan

Mr Saliesh Raj Bhan is one of the most experienced fund managers at Reliance Mutual Fund. The funds managed by him have had great returns in the past years and continue to do so in both the short term and the long term.

Mr Sailesh Raj Bhan has managed a wide variety of funds over the course of his career. He currently manages the Nippon Pharma Fund, which is the largest Indian Pharma FUnd. He has been managing this fund since its inception in 2004. He also manages the Nippon Multi-Cap Fund, which has assets of more than 6,000 crores as of 1 March 2021 and has returned over 27% CAGR between 2018 and 2021. Additionally, he is the manager of the Nippon Consumption Fund, which has returned nearly 40% CAGR in this time. The AUM of Mr Sailesh Raj Bhan is more than 22,000 crore as of 1 March 2021, and he manages a total of 9 schemes. He is also the Deputy Chief Information Officer for Equity at the Reliance Mutual Fund.

Why Should You Invest in Reliance Mutual Fund?

The Reliance Mutual Fund is one of the most robust mutual funds of the Indian market. Over the past few years, some of the highest performing schemes among Indian mutual funds belong to the Reliance Mutual Fund. If you are looking to invest for the long term, Reliance Mutual Fund can be a great option.

The Reliance Mutual Fund has always been owned by really strong and stable companies. Before becoming the Nippon India  Mutual Fund, it was the Reliance Mutual Fund owned by Reliance Capital Limited. Reliance Capital was one of the largest financial services holding companies in India, and Reliance Capital Asset Management was the AMC managing the mutual fund. The mutual fund was then jointly owned by Nippon Life Insurance and Reliance Capital, which had a total share of 75% in the company. Nippon Life Insurance bought out the share of Reliance in 2019. A majority stake is now owned by Nippon Life Insurance, which is one of the largest insurance providers in the world. The stability of the companies managing the fund is a dictator of how the fund will do, and the Reliance Mutual Fund gets top rating in that regard.

The Reliance Mutual Fund also warrants investment due to the large variety of financial options it provides for you to invest in. While most mutual funds will only provide you with general debt, equity, and balanced option among schemes, the Reliance Mutual Fund allows you to invest in a gold savings fund and retirement schemes, among others. 

The above components make the Reliance Mutual Fund ideal if you want to invest money in your child’s education. Mutual funds are the ideal instrument to secure the future of your child. If you have already determined that you want to send your child abroad for studying, you can never be too early in your endeavour to save up for the huge costs that can be involved in ensuring the best education available globally for your child. This becomes all the more important if you want all of your kids to settle abroad.

The experience of the mutual fund advisors that the Reliance Mutual Fund will offer you will ensure that you are provided with the soundest financial advice for your goals. With a Reliance Mutual Fund office always located in a city near you, you can simply walk in and choose the type of funds you want to invest in. You can share your financial goals with the advisors of the Reliance Mutual Fund, and based on past performance and future outlook, you will be offered a list of mutual funds that have just the right proportion of risk and reward to suit your needs.

Select EduFund For Investing in Nippon India Mutual Fund

EduFund provides you with a wide list of options for investment to fulfill your child’s educational dreams. It also provides you access to experienced financial counselors that are experts in ensuring that you can make enough to afford the tuition fee for studies abroad. It helps you develop a research-based financial plan customized entirely as per your needs and requirements. Furthermore, it provides you access to a number of free tools and calculators that enable you to calculate the cost of education and funding. 

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