Nippon India Mutual Fund
Nippon India Mutual Fund is an India based asset management company, that works as a subsidiary of Nippon Life Insurance Company.[1][2][3] It was founded in 1996 as Reliance Mutual Fund with its corporate headquarters located in Mumbai, India.[4] Nippon India Mutual Fund is a joint venture between India's Reliance Capital and Japan's Nippon Life Insurance company.[5][6]
Origin[edit]
Nippon India Mutual Fund was earlier known as Reliance Mutual Fund.[7][8] Nippon Life Insurance of Japan acquired 75 per cent stake in Reliance Nippon Life Asset Management from Reliance Capital.[9] After that Reliance Mutual Fund changed its name to Nippon India Mutual Fund with effect from September 28, 2019.[10][11] It has been registered with the Securities & Exchange Board of India from June 30, 1995.
With its corporate office based in Mumbai, India, Nippon India Mutual Fund is located in 300 cities.[12] Currently it has an investor base of Rs.87lakh investors. Nippon India Mutual Fund becomes the first AMU in India to launch an ETF in collaboration with the Government of India. It has subsidiaries in Singapore and Mauritius and international offices in Dubai which serves institutional investors and high net investors across Asia, Australia, UK, US, Middle East and Europe.[13][14] Nippon India Mutual Fund in collaboration with BBL Asset Management company has launched Bualuang Bharata fund in Thailand.[15]
As of March 31, 2020, the fund house served 88lakh unique investors through approximately 300 branches PAN India and has Rs.2,55,265 crore in assets under its management and Rs4810 crore as a part of its international offshore managed portfolio.[16]
Products and services[edit]
Nippon Life India Asset Management Limited appointed as the Asset Management Company of the Nippon India Mutual Fund.[17][18] The AMC manages significant Assets under Management (AUM) in the Mutual Fund segment across asset classes The company services includes mutual fund investment, portfolio management, financial planning, and advisory services to individuals, institutions, trusts, and private funds.[19][20] Nippon mutual funds schemes provide 52 equity, 266 debt, and 40 balanced funds.[21][22]
In August 2020, the company launched Nippon India Multi-Asset Fund which is a mixture of domestic and international equities, debt and commodities.[23][24][25] Nippon India Mutual Fund also launched Nippon India digital Innovation Alternative Investment Fund(AIF).[26][27]
References[edit]
- ↑ www.ETCIO.com. "How Nippon India Mutual Fund saw 80k downloads in 180 days - ET CIO". ETCIO.com. Retrieved 2020-08-26.
- ↑ "Investors' core equity portfolio must be in passive funds: Nippon India ETF". Moneycontrol. Retrieved 2020-08-26.
- ↑ "Nippon India Mutual Fund launches new Diwali campaign - Exchange4media". Indian Advertising Media & Marketing News – exchange4media. Retrieved 2020-08-26.
- ↑ "AMC BRANCH ADDRESS LOCATOR : Find AMC Branches Address in India". The Economic Times. Retrieved 2020-08-26.
- ↑ "Reliance Nippon Life AMC to be rechristened Nippon India Mutual Fund". Moneycontrol. Retrieved 2020-08-26.
- ↑ "Nippon India Mutual Fund marks down its investment in Yes Bank to zero". Livemint. 2020-03-06. Retrieved 2020-08-26.
- ↑ "Reliance Mutual Fund is now Nippon India Mutual Fund". Livemint. 2019-10-08. Retrieved 2020-08-26.
- ↑ "Reliance Mutual Fund renamed Nippon India Mutual Fund". www.indiainfoline.com. Retrieved 2020-08-26.
- ↑ Iyengar, Suresh. "Nippon Life invests Rs 6,000 cr to emerge largest shareholder in Reliance MF". @businessline. Retrieved 2020-08-26.
- ↑ "Reliance Mutual Fund renamed as Nippon India Mutual Fund". The Economic Times. Retrieved 2020-08-26.
- ↑ PRASAD, RAVI RANJAN (2020-01-28). "Ownership change helps Nippon India Mutual Fund". The Asian Age. Retrieved 2020-08-26.
- ↑ "Nippon India Mutual Fund - Nippon India Mutual Fund Review, performance, Nippon India Mutual Fund NAV, Latest News - The Economic Times". The Economic Times. Retrieved 2020-08-26.
- ↑ "Nippon Life India Asset Management Ltd". Business Standard India. Retrieved 2020-08-26.
- ↑ "Reliance Mutual Fund raises $71 mn from ADIA, other anchor investors". VCCircle. 2017-10-24. Retrieved 2020-08-26.
- ↑ "Nippon India Mutual Fund (NIMF) launches its first Multi-Asset Fund - Nippon India Multi-Asset Fund (NIMAF)". EquityBulls. 2020-08-05. Retrieved 2020-08-26.
- ↑ Bazaz, Shivani. "Nippon India mutual fund: Pharma offers favourable long-term opportunities, says Sailesh Raj Bhan of Nippon India MF". The Economic Times. Retrieved 2020-08-26.
- ↑ Reporter, S. I. (2020-06-23). "AMC shares in focus; Nippon Life surges 14%, HDFC AMC up 4%". Business Standard India. Retrieved 2020-08-26.
- ↑ Editorial, Reuters. "NIPF.NS - Nippon Life India Asset Management Ltd Profile | Reuters". www.reuters.comundefined. Retrieved 2020-08-26.
- ↑ "Top 10 mutual funds with dividend option that have given the best returns in the last 3 years". Business Insider. Retrieved 2020-08-26.
- ↑ "Nippon India Growth Fund - Growth [1185.2831] | Nippon India Mutual Fund - Moneycontrol". www.moneycontrol.com. Retrieved 2020-08-26.
- ↑ Bazaz, Shivani. "Nippon India Mutual Fund: Nivesh Lakshya Fund is timing and interest-rate agnostic, says Prashant Pimple of Nippon India MF". The Economic Times. Retrieved 2020-08-26.
- ↑ "How to manage your mutual funds in coronavirus-led lockdown". www.businesstoday.in. Retrieved 2020-08-26.
- ↑ "Nippon India Mutual Fund Launches Its First Multi Asset Fund Nippon India Multi Asset Fund". United News Of India. 6 August 2020. Unknown parameter
|url-status=ignored (help) - ↑ Sontanam, Satya. "Nippon India Multi Asset Fund NFO: A slice of foreign equity and commodities". @businessline. Retrieved 2020-08-26.
- ↑ "Mutual Fund NFO: Nippon India Multi-Asset Fund to open soon for subscription – Check details". The Financial Express. 2020-08-04. Retrieved 2020-08-26.
- ↑ "Marketing in the times of COVID-19: Nippon India Mutual Fund". Business Insider. Retrieved 2020-08-26.
- ↑ "Nippon Digital Fund Backs Endiya Partners, 20 VC Firms In Pipeline". Inc42 Media. 2020-08-17. Retrieved 2020-08-26.
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