Nippon India Mutual Fund

Nippon India Mutual Funds, formerly known as Reliance Mutual Fund, is a prominent asset management company in India. It oversees a diverse range of assets, including managed accounts, mutual funds, pension funds, alternative investments, and offshore funds. Nippon India Mutual Fund's asset management is handled by Nippon Life India Asset Management Limited (NAM India). The major shareholders of NAM India are Reliance Capital Limited and Nippon Life Insurance Company, collectively owning 75.93% of its total issued equity share capital.

Reliance Capital Limited is a well-established RBI-registered Non-Banking Finance Company in India, engaged in various financial sector activities such as asset management, life insurance, general insurance, and stockbroking.

Originally established as Reliance Mutual Fund in June 1995, Nippon India Mutual Fund was a joint venture between India's Reliance Capital and Japan's Nippon Life Insurance Company. In October 2019, Nippon acquired Reliance's stake, leading to the rebranding of the fund house as Nippon India Mutual Fund.

Nippon Mutual Funds manages assets valued at Rs. 564,982.20 crore as of September 2024. Their portfolio comprises of various types of funds, offering a wide range of investment options. The CEO of the company is Sundeep Sikka.

Investing in Nippon India Mutual Fund schemes is simple and convenient through Bajaj Finserv platform. Whether you are a new or existing investor, the platform offers an easy way to explore and manage your investments. Bajaj Finserv website and app make the process hassle-free, especially for those looking to diversify across multiple fund houses. With lower expense ratios and seamless tracking features, it provides a streamlined investment experience. If you are new to investing with Nippon India Mutual Fund, follow the steps below. Existing customers can proceed directly to step 7.

1. Choose a mutual fund category and a scheme that suits your goals and click on Invest Now.
2. Sign into Bajaj Finserv to setup your mutual fund account.
3. Verify your details using your PAN, Name, DOB, and Email ID. If your KYC is not complete, you will have to upload your address proof and complete video KYC.
4. Enter your bank details.
5. Upload your signature and provide additional details to continue.
6. Complete FATCA declaration & nominee authentication.
7. Choose whether you want to invest in SIP or lumpsum and enter the investment amount. Click on INVEST.
8. Choose your payment mode (net-banking, UPI, NEFT/RTGS) and make the payment.
9. Wait for 2-3 working days for your investment to reflect in your portfolio.

To invest in Nippon India Mutual Fund, having the necessary documents ready will make the process smooth. While existing customers do not need additional documents, new investors must complete a basic KYC process. Bajaj Finserv simplifies this with a quick, paperless KYC process, making it hassle-free to invest in Nippon India Mutual Fund. Key documents required:

• PAN card.
• Address proof: Aadhar card, driving license, voter ID.