Nippon India Mutual Fund
Nippon Life India Asset Management Limited (NAM India) is the investment and asset manager of Nippon India Mutual Fund or NIMF. The company’s name was Reliance Nippon Life Asset Management Limited, which was changed to Nippon Life India Asset Management Limited on 28th September 2019. The new name was incorporated on 13th January 2020.
Top 10 Nippon India Mutual Fund Schemes –
Fund Size (in Cr)
|Nippon India Small Cap Fund – Direct (B)||Equity||Very High||21.57||5||19,768|
|Nippon India Small Cap Fund – Direct Growth||Equity||Very High||21.57||4||19,768|
|Nippon India Small Cap Fund – Direct (IDCW)||Equity||Very High||21.57||5||19,768|
|Nippon India Pharma Fund – Direct (Bonus)||Equity||Very High||-4.96||-||4,851|
|Nippon India Pharma Fund – Direct Growth||Equity||Very High||-4.96||-||4,851|
|Nippon India Pharma Fund – Direct (IDCW)||Equity||Very High||-4.97||-||4,851|
|Nippon India Consumption Fund – Direct Growth||Equity||Very High||19.38||3||198|
|Nippon India Consumption Fund – Direct (B)||Equity||Very High||19.38||-||198|
|Nippon India Growth Fund – Direct Growth||Equity||Very High||16.17||4||12,178|
|Nippon India Growth Fund – Direct (Bonus)||Equity||Very High||16.17||4||12,178|
The promoter of Nippon Life AMC is Nippon Life Insurance Company. As of 30th September 2021, Nippon Life Insurance Company holds over 73% stake in the AMC in issued and paid-up equity share capital. NAM India launched an INR 1,542.24 Crore IPO (Initial Public Offering) on 25th October 2017 and was listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 6th November 2017. The current stock price of NAM India is INR 327.85 (as of 11th February 2022).
Nippon Life Insurance Company (NLI) is one of Japan’s largest life insurers, offering a host of financial products like individual, group life, and annuity policies. It has an extensive distribution network, and the sales are made primarily through face-to-face marketing. The company’s network is spread across Japan, Europe, North America, Asia, and Oceania. Nissay Asset Management Corporation (“Nissay”), NLI’s subsidiary, oversees its business in Asia.
Nippon India Mutual Fund (NIMF) was founded on 30th June 1995 as a trust under the Indian Trusts Act 1882. NIMF’s sponsor is Nippon Life Insurance Company(NLI), and Trustee is Nippon Life India Trustee Ltd (NLITL). NIMF’s SEBI registration number is MF/022/95/1. Nippon India MF manages funds is one of India’s largest mutual fund houses, managing assets worth INR 280,601.49 Crores and 151.96 lakh folios (as of 31st December 2021).
Nippon India MF offers mutual fund schemes across categories like equity, debt, hybrid, fund of funds, etc., through 272 locations and online channels in India. NIMF’s focus is constantly on launching innovative, rewarding products and timely customer service initiatives.
Nippon India MF is headed by Mr Sundeep Sikka, Executive Director & Chief Executive Officer. The Director is NIMF is Mr Kazuyuki Saigo, Managing Executive Officer and Regional CEO for Asia Pacific Head of India. Nippon India MF’s gross income has increased from INR 1193.21 crores in FY 20 to INR 1419.34 crores in FY 21. Its Profit After Tax (PAT) has grown from INR 415.76 crores in FY 20 to INR 679.40 crores in FY 21. Also, the basic EPS or Earnings Per Share has increased from 6.78 in FY 20 to 11.04 in FY 21.
Nippon Life India Asset Management Ltd – Key Information
|Mutual Fund Name||Nippon India Mutual Fund|
|Sponsor||Nippon Life Insurance Company|
|Founded On||30th June 1995|
|Trustee||Nippon Life India Trustee Limited|
|Executive Director & Chief Executive Officer||Mr Sundeep Sikka|
|Board of Directors||Gen. Ved Prakash Malik (Retd.)
Ms Ameeta Chatterjee
Mr Ashvin Parekh
Mr B. Sriram
Mr Kazuyuki Saigo
Mr Akira Shibata
Mr Yutaka Ideguchi
Mr Sundeep Sikka
|Chief Financial Officer||Mr Prateek Jain|
|Auditors||M/s S. R. Batliboi & Co. LLP|
|Registered Office||4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai – 400013 CIN: L65910MH1995PLC220793 Tel. : +91 22 6808 7000 Fax: +91 22 6808 7097
|Registrar and Transfer Agent (RTA)||KFin Technologies Private Limited
(Formerly Known as Karvy Fintech Private Limited)
Unit: Nippon Life India Asset Management Limited
Selenium Tower – B
Plot No. 31 & 32, Financial District,
Nanakramguda, Hyderabad 500 032
|Investor Helpdesk||Toll-free no. (India): 1800 309 4001
Tel.: +91 40 6716 1500 Fax: +91 40 6716 1791
Nippon Life India Asset Management Ltd – Top Fund Managers
Mr Samir Rachh
Mr Samir Rachh joined Nippon India MF in October 2007 as Senior Investment Analyst. His total experience spans over 29 years. His current role is Fund Manager – Equity Investments. Before joining NIMF, Mr Rachh worked with Emkay Global Financial Services Ltd. as Portfolio Manager, Hinduja Finance Ltd. as Portfolio Manager, Anvicon Research Associates as Managing Partner, and Capital Market Magazine as Assistant Editor. He manages the Nippon India Small Cap Fund.
Mr Ashutosh Bhargav
Mr Ashutosh Bhargav joined Nippon India Mutual Fund as Fund Manager and Head Research: Equity in October 2007. He was promoted to Fund Manager and Head of Research in September 2017. Before joining NIMF, he was an Investment Strategist at Reliance Mutual Fund and an Analyst at J.P. Morgan. He has done MBA in Finance from NMIMS. Mr Bhargav has a rich experience of over 15 years in investment research and macro and rule-based investment strategies.
Ms Anju Chhajer
Ms Anju Chhajer joined Nippon India Mutual Fund in September 2007 as Senior Fund Manager after leaving National Insurance Co. Ltd as a Treasury Incharge from 1997 to 2007. She holds a B.Com degree and is a Chartered Accountant. Her total experience spans over sixteen (16) years in financial services. She manages the Nippon India Japan Equity Fund.
Mr Sushil Budhia
Mr Sushil Budhia is a Senior Fund Manager at Nippon India Mutual Fund. Mr Budhia has a diverse experience of over 18 years in various products like Credits, Mortgages, Structured Finance, Fixed Income, etc. Before joining Nippon India MF, he was associated with YES Bank as Senior President, where he established and managed the Debt Capital Market business and marquee deals. He has also worked with Axis Bank and UTI Mutual Fund as Bond Dealer.