Nippon India Mutual Funds in 2025
Nippon India Mutual Fund is one of India’s largest asset management companies, reporting an Average Asset Under Management (QAAUM) of ₹6,56,519 cr for Jul-Sep 2025. Established in 1995 as Reliance Mutual Fund, it is now fully owned by Japan’s Nippon Life Insurance Company through its investment manager, Nippon Life India Asset Management Limited (NAM India). The fund house currently offers 52 equity, 266 debt, and 40 balanced schemes, and is led by its CEO, Sundeep Sikka. NAM India oversees investment management operations across c, managed accounts, and other advisory mandates.
Nippon India Mutual Fund
Here is a list of the top Nippon mutual funds sorted based on AUM.
| Name | AUM(in ₹ cr.) | CAGR 5Y(%) | CAGR 3Y(%) | Expense Ratio(%) | Volatility | Exit Load(%) | NAV | Alpha |
|---|---|---|---|---|---|---|---|---|
| Nippon India Small Cap Fund | 68969.15 | 31.75 | 23.51 | 0.63 | 16.52 | 1 | 191.17 | 9.43 |
| Nippon India Multi Cap Fund | 49313.7 | 28.66 | 23.34 | 0.71 | 13.85 | 1 | 335.19 | 6.41 |
| Nippon India Large Cap Fund | 48870.6 | 23.67 | 20.29 | 0.67 | 12.64 | 1 | 105.14 | 4.26 |
| Nippon India Growth Mid Cap Fund | 41267.69 | 28.65 | 27.04 | 0.74 | 16.67 | 1 | 4702.7 | 7.71 |
| Nippon India Liquid Fund | 30230.36 | 5.81 | 7.1 | 0.2 | 0.12 | 0.01 | 6600.69 | 0 |
| Nippon India Money Market Fund | 23246.25 | 6.33 | 7.71 | 0.22 | 0.42 | 0 | 4316.96 | 0 |
| Nippon India Arbitrage Fund | 15894.51 | 6.44 | 7.75 | 0.38 | 0.84 | 0.25 | 29.38 | 0.24 |
| Nippon India ELSS Tax Saver Fund | 15512.93 | 22.02 | 18.26 | 1.01 | 13.71 | 0 | 145.41 | 5.26 |
| Nippon India Ultra Short Duration Fund | 12640.79 | 7.43 | 7.76 | 0.38 | 0.37 | 0 | 4561.2 | 0.14 |
| Nippon India Low Duration Fund | 11185.93 | 6.56 | 7.82 | 0.38 | 0.49 | 0 | 4082.04 | 0.02 |
Disclaimer: Please note that the above list of the Nippon India growth funds is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.
Note: The data on the list of the Nippon India mutual funds is from 20th November 2025. This data is derived from the Tickertape Mutual Funds Screener.
- AMC: Nippon Life India Asset Management Limited
- Plan: Growth
- AUM: Sorted from highest to lowest
Pro Tip: You can use Tickertape’s Mutual Fund Screener to research and evaluate funds with over 50+ pre-loaded filters and parameters.
Nippon India Mutual Fund – Key Information
| Founding date | 30 June 1995 |
| AMC incorporation date | 24 February 1995 |
| Headquarters | Mumbai |
| Sponsor | Nippon Life Insurance Company |
| Trustee organisation | Nippon Life India Trustee Limited |
| MD & CEO | Mr. Sundeep Sikka |
| Chief Investment Officers | Mr. Amit Tripathi (Fixed Income), Mr. Manish Gunwani (Equity) |
| Compliance Officers | Mr. Muneesh Sud, Mr. Nilesh Pednekar |
Overview of the top Nippon India Mutual Fund
Nippon India Small Cap Fund
Nippon India Small Cap Fund is an equity scheme that invests primarily in small-cap companies. The fund maintains exposure across emerging businesses and sectors within the small-cap universe.
Nippon India Multi Cap Fund
Nippon Multi Cap Fund is an equity scheme that allocates investments across large-cap, mid-cap, and small-cap companies. The fund follows a diversified structure across different segments of the equity market.
Nippon India Large Cap Fund
Nippon Large Cap Fund is an equity scheme focused on companies classified as large-cap. The fund invests in established businesses that form part of the large-cap segment of the Indian equity market.
Nippon India Growth Mid Cap Fund
Nippon India Growth Mid Cap Fund is an equity scheme that invests mainly in mid-cap companies. The fund’s portfolio consists of businesses placed in the mid-cap segment across various industries.
Nippon India Liquid Fund
Nippon India Liquid Fund is a debt scheme that invests in money-market and short-term fixed-income instruments with a maturity of up to 91 days. The fund is designed to offer short-duration exposure to low-maturity debt securities.
Nippon India Money Market Fund
Nippon India Money Market Fund invests in short-term money-market instruments such as treasury bills, commercial papers, and certificates of deposit. It focuses on securities with very short maturities and aims to maintain high liquidity.
Nippon India Arbitrage Fund
Nippon India Arbitrage Fund uses the price difference between the cash and derivatives markets. It buys stocks in the cash market and sells them in futures to capture these price gaps. The fund stays largely hedged.
Nippon India ELSS Tax Saver Fund
Nippon India ELSS Tax Saver Fund invests mainly in equity and equity-related instruments. It comes under the Equity-Linked Savings Scheme (ELSS) category and follows a diversified approach across sectors and market caps.
Nippon India Ultra Short Duration Fund
Nippon India Ultra Short Duration Fund invests in fixed-income securities that fall within the ultra-short duration category. It holds instruments with short residual maturities to balance liquidity with short-term income generation.
Nippon India Low Duration Fund
Nippon India Low Duration Fund invests in debt and money-market instruments that fit the low-duration band. It focuses on short-maturity securities and maintains a low interest-rate sensitivity profile.
How to Invest in the Nippon India Mutual Fund?
You can easily start to invest in the Nippon mutual funds in India by following these steps:
- Visit an equity investment platform such as smallcase
- The next step is to research and identify the best Nippon mutual funds, based on your investment thesis. Tools like the Tickertape Mutual Fund Screener can help you filter and compare funds based on parameters such as returns, expense ratio, and fund size.
- Once you shortlist the funds, visit smallcase, log in, and search for the fund by name. You can then choose the investment mode, either a one-time lump sum or a SIP investment plan, and complete the process.
Top Fund Managers at Nippon India Mutual Fund
1. Ashwani Kumar
Ashwani Kumar has been a fund manager since 2003 and has extensive experience in equity investments. He is a graduate of the University of Pune and holds an MBA in Finance. Before joining Nippon India Mutual Fund, he worked with Zurich Asset Management. He currently serves as Senior Fund Manager – Equity.
2. Sailesh Raj Bhan
Sailesh Raj Bhan has over a decade of experience at Nippon India Mutual Fund and more than 15 years with Nippon Life India Asset Management. He manages multiple equity strategies, including the Nippon Multicap Fund, and also serves as Deputy CIO – Equity.
3. Samir Rachh
Samir Rachh brings nearly three decades of experience in asset and capital management. He is a University of Mumbai graduate and has previously worked with Hinduja Finance and his own research firm, Anvicon Research. He has been with Nippon India Mutual Fund for around 12 years and manages mid-cap and small-cap strategies.
4. Sanjay Parekh
Sanjay Parekh has over 20 years of experience in equity research and fund management. Before joining Nippon India Mutual Fund, he held senior investment roles at ICICI Prudential AMC and ASK Investment Managers.
5. Meenakshi Dawar
Meenakshi Dawar has been associated with Nippon India Mutual Fund for nearly a decade. She holds a B.Tech from IGIT Delhi and a postgraduate degree from IIM Ahmedabad. Her experience spans equity research and fund management, and she manages schemes such as Nippon Value Fund and Nippon Flexi Cap Fund.
Taxation on Nippon India Mutual Fund
Equity Mutual Funds
| Type of Gain | Holding Period | New Rate |
| Short-Term Capital Gains (STCG) | Less than 12 months | 20% |
| Long-Term Capital Gains (LTCG) | More than 12 months | 12.5% (Gains up to ₹1.25 lakh exempt) |
Debt Mutual Funds
| Type of Gain | Holding Period | Tax Rate | Indexation Benefit |
| Short-Term Capital Gains (STCG) | Less than 36 months | Taxed as per income tax slab | Not applicable |
| Long-Term Capital Gains (LTCG) | More than 36 months | 12.50% | Not available |
Hybrid Mutual Funds
| Type of Fund | STCG | LTCG | Indexation Benefit |
| Equity-Oriented Hybrid Funds | 20% for holdings < 1 year | 12.5% for holdings > 1 year; gains up to ₹1.25 lakh exempt | Not available |
| Debt-Oriented Hybrid Funds | Taxed as per slab for holdings < 3 years | 12.5% for holdings > 3 years | Not available |
Gold Mutual Funds
| Type of Gain | Old Holding Period | New Holding Period | Old Tax Rate | New Tax Rate |
| Short-Term Capital Gains (STCG) | Under 36 months | Under 24 months | Slab rate | Slab rate |
| Long-Term Capital Gains (LTCG) | Over 36 months | Over 24 months | 20% | 12.50% |
Documents Required To Invest in Nippon Mutual Funds
Here are the documents required to invest in Nippon mutual funds:
- PAN Card details (mandatory for mutual fund investments).
- Personal information, including full name, mobile number, and email address.
- Address proof, such as Aadhaar (front and back), passport, or any SEBI-accepted document.
- Bank account details, along with a cancelled cheque if required for verification.
- Nominee details and FATCA/CRS declarations are part of the regulatory requirements.
Risks of Investing in Nippon India Mutual Funds
- Market Fluctuation Risk: All Nippon mutual funds are exposed to market movements. Equity schemes, especially small-cap and mid-cap funds, can see sharp ups and downs during volatile periods. These fluctuations can affect NAVs and fund’s performance during challenging market conditions.
- Scheme-Specific Volatility: Different mutual fund schemes carry varying levels of risk based on their investment focus. The volatility and returns of a scheme depend on factors like its focus, the composition of its portfolio, and prevailing market conditions.
- Concentration or Sector Exposure Risk: Some Nippon schemes, such as thematic or sector-focused funds, may concentrate investments in specific industries. These funds can underperform if the sector faces cyclical or structural challenges.
Factors to Consider Before Investing in Nippon India Mutual Funds
- Risk Appetite: Nippon India Mutual Fund offers equity, debt, hybrid, gold, and international schemes. Each type has its own level of risk, with some showing more price movement than others.
- Scheme Objective & Category: Every Nippon scheme has a clear purpose, such as growth, income, or liquidity. The category and the kinds of securities it invests in show how the scheme is structured.
- Investment Horizon: Different schemes work differently over time. The investment horizon associated with each category generally depends on how the underlying securities react to market conditions.
- Expense Ratio & Charges: Nippon funds include an expense ratio, which is the cost of managing the scheme. This cost varies across regular and direct plans and can influence overall returns.
Conclusion
Nippon India Mutual Fund is one of the country’s established fund houses with a wide range of schemes across equity, debt, hybrid, gold, and international categories. Its scale, product breadth, and experienced investment team give investors access to different market segments under a single platform.
Each scheme comes with its own risk profile, cost structure, and tax treatment, so understanding how a fund works and what its portfolio holds helps provide a clearer context on how it fits within the broader mutual fund space.
Investors can explore and invest in Nippon India Mutual Fund schemes through smallcase after conducting their own research and consulting their financial advisor.
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Frequently Asked Questions on Nippon India Mutual Fund
As of 20th November 2025, as per 5Y CAGR, some of the best Nippon mutual funds include:
– Nippon India Small Cap Fund
– Nippon India Power & Infra Fund
– Nippon India Multi Cap Fund
– Nippon India Growth Mid Cap Fund
– Nippon India Nifty Smallcap 250 Index
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory.
Whether Nippon mutual funds are good or not depends on various factors such as the specific scheme you choose, your risk appetite, investment horizon, and the market conditions. Each scheme behaves differently, so evaluating the fund category and portfolio structure provides better clarity.
Disclaimer: Please note that the above information is for educational purposes only, and is not recommendatory.
You can start investing in Nippon India Mutual Fund online by following these quick steps:
1. Visit an equity investment platform such as smallcase.
2. Research and identify Nippon schemes that match your investment thesis. Tools like the Tickertape Mutual Fund Screener help compare funds based on returns, expense ratios, and fund size.
3. After shortlisting the scheme, log in to smallcase, search for the fund, and opt for the SIP plan.
Disclaimer: Please note that the above information is for educational purposes only, and is not recommendatory.
You can redeem Nippon mutual fund units through the investment platform where you purchased the fund. The redemption amount is credited to your registered bank account, subject to exit loads and processing timelines.
Nippon India Mutual Fund offers a wide range of schemes across equity, debt, hybrid, gold, and liquid categories. Each category has multiple funds based on different investment styles and portfolio compositions.
Nippon mutual fund schemes are not fully tax-free. Capital gains tax applies based on the type of fund, the holding period, and the latest tax rules. However, Nippon India Mutual Fund also offers an ELSS (Equity Linked Savings Scheme) Tax Saver Fund, which provides tax benefits under Section 80C of the Income Tax Act. The returns from ELSS are still taxable, but the investment amount (up to the eligible limit) qualifies for tax deductions.
Disclaimer: Please note that this is for educational purposes only, and is not recommendatory.
The minimum SIP amount varies from fund to fund, and many Nippon schemes allow SIPs starting from ₹100. Some schemes may have higher minimum requirements based on their category and plan structure.
Nippon Multi Asset Fund is a hybrid scheme that invests across multiple asset classes such as equity, debt, and commodities. The fund aims to diversify investments by allocating money into different segments of the market within a single scheme.
Nippon India value fund is an equity scheme that follows a value-investing approach. It invests in companies that are considered undervalued based on fundamentals, sector trends, or long-term business potential as assessed by the fund’s investment framework.
Nippon India Silver ETF is an exchange-traded fund that tracks domestic silver prices. Instead of buying physical silver, investors gain exposure through units listed and traded on the stock exchange. It reflects market-linked silver value, allowing price tracking through a listed instrument.
Disclaimer: Please note that this is for educational purposes only, and is not recommendatory.
