One of India’s leading asset management firms is Nippon India Mutual Funds. It oversees assets in managed accounts, offshore funds, mutual funds, pension funds and alternative investments. Nippon Life India Asset Management Limited (NAM India) is the asset manager for the Nippon India Mutual Fund (NIMF). NAM India’s promoters are Reliance Capital Limited and Nippon Life Insurance Company, which hold 75.93% of the company’s total issued and paid-up equity share capital.
Here are the top 5 funds of Nippon India Mutual Fund
| Fund Name | Fund Size(in Cr) | 3Y Returns |
|
Nippon India Growth Fund Direct Growth |
27,931 |
31.6%
|
| Nippon India Value Fund Direct Growth | 7,651 |
27.3%
|
| Nippon India Small Cap Fund Direct Growth | 51,566 |
35%
|
| Nippon India Consumption Fund Direct Growth | 833 |
26.2%
|
| Nippon India Focused Equity Fund Direct-Growth | 7,916 |
20.40%
|
1. Nippon India Growth Fund Direct Growth
Nippon India Growth Fund Direct Growth is one of Nippon India Mutual Fund’s equity mutual fund schemes. Currently managed by fund manager Rupesh Patel, this scheme was introduced on an Invalid date. Its current NAV declared as of July 6, 2024, is ₹4300.578, with an AUM of ₹27,931.43 crores.
To invest in this scheme, the minimum SIP amount is ₹100.
2. Nippon India Value Fund Direct Growth
Nippon India Value Fund Direct Growth is one of Nippon India Mutual Fund’s equity mutual fund schemes. Currently under the management of Dhrumil Shah and Meenakshi Dawar, the scheme was introduced on an invalid date. Its current NAV declared as of July 6, 2024, is ₹239.730, with an AUM of ₹7,651.64 crores.
To invest in this scheme, the minimum SIP amount is ₹100.
3. Nippon India Small Cap Fund Direct Growth
Over the last three and five years, the fund’s annualized returns have been around 34.74% and 36.14%, respectively. The Nippon India Small Cap Fund belongs to the Equity category of Nippon India Mutual Funds. As of July 6, 2024, its AUM is ₹51,566 Crores.
To invest in this scheme, the minimum SIP amount is ₹100.
4. Nippon India Consumption Fund Direct Growth
Over the last three and five years, the fund’s annualized returns have been around 26.52% and 26.55%, respectively. The Nippon India Consumption Fund comes under the Nippon India Mutual Funds Equity category. As of July 6, 2024, its AUM is ₹833 Crores.
To invest in this scheme, the minimum SIP amount is ₹100.
5. Nippon India Focused Equity Fund Direct-Growth
One of Nippon India Mutual Fund’s equity mutual fund schemes is Nippon India Focused Equity Fund Direct-Growth. This scheme is now managed by Vinay Sharma. The most recent NAV declared as of July 6, 2024, is ₹130.456, with an AUM of ₹7,916.72 Crores.
To invest in this scheme, the minimum SIP amount is ₹100.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.