Nippon India Mutual Fund: Overview, AUM & Top Schemes

Nippon India Mutual Fund is a Mumbai-based asset management company incorporated on 30 June 1995, managing ₹7,97,966.37 crore across 75 schemes. If you are evaluating a Nippon India scheme for your portfolio, here is a complete overview of the fund house along with performance data on its top-ranked schemes.

Key takeaways

• Nippon India Mutual Fund has operated for 31 years, launched as Reliance Mutual Fund in June 1995 and renamed in October 2019 after Nippon Life acquired Reliance Capital's stake.
• The fund house manages ₹7,97,966.37 crore (approximately ₹7.98 lakh crore) in assets across 75 schemes.
• Nippon Life Insurance Company is the sole sponsor; Nippon Life India Trustee Limited is the trustee organisation.
• Investment operations span mutual funds, pension funds, alternative investments, offshore funds, and managed accounts.
• Sundeep Sikka serves as MD and CEO, with Sailesh Raj Bhan heading equity investments and Amit Tripathi heading debt as the two CIOs.

About Nippon India Mutual Fund

Nippon India Mutual Fund was launched in June 1995 as Reliance Mutual Fund — a joint venture between India's Reliance Capital and Japan's Nippon Life Insurance Company. In October 2019, Nippon Life purchased Reliance Capital's stake in the fund house, after which it was rebranded as Nippon India Mutual Fund. The investment arm, Nippon Life India Asset Management Limited (NAM India), handles day-to-day operations. Together, Reliance Capital Limited and Nippon Life Insurance Company hold 75.93% of NAM India's total issued and paid-up equity share capital.

NAM India provides portfolio management, mutual fund investment, financial planning, and advisory services to individuals, institutions, trusts, and private funds. Beyond domestic mutual fund schemes, the firm also manages pension funds, alternative investments, offshore funds, and managed accounts.

Nippon Life Insurance Company, the Japanese parent, conducts its Asian asset management operations through its subsidiary Nissay Asset Management Corporation, which manages assets on a global basis.

Key Fund House Details

Below are the key structural and leadership details of Nippon India Mutual Fund at a glance:

Top 10 Nippon India Mutual Fund Schemes

The following schemes are ranked by Invo Wealth's internal score. The table below shows returns across 6-month, 1-year, 3-year, and 5-year periods:

Performance data as of 5 September 2026.

All funds listed are Regular Plan - Growth option. CAGR = compound annual growth rate.

Risk Metrics for Top Schemes

Volatility, maximum drawdown, and the Sortino ratio together reveal how consistently each scheme has delivered its returns — and how much risk was taken to achieve them:

Among the equity-oriented schemes, the Nippon India Power & Infra Fund delivered a 5-year return of 20.42%, though it carries a volatility of 21.45% and a maximum drawdown of -25.83%, reflecting its sectoral concentration. The Nippon India Multi Cap Fund returned 16.58% over five years, and the Nippon India Nifty Midcap 150 Index Fund posted 15.93% over the same period. The Nippon India Large Cap Fund returned 12.83% over five years with a volatility of 16.31% and a max drawdown of -15.69%.

On the debt and hybrid side, the Nippon India Money Market Fund stands out for stability — a 5-year return of 6.62% with volatility of just 0.52% and a max drawdown of -0.16%. The Nippon India Conservative Hybrid Fund returned 7.57% over five years with a drawdown of -1.85%, while the Nippon India Corporate Bond Fund delivered 6.43% with a volatility of 1.38%.

How to Invest in Nippon India Mutual Fund

Sign up on Invo Wealth, get complete portfolio insights and start investing in mutual funds that actually suit you. Alternatively, you can invest directly via Nippon India Mutual Fund's official website or through any other online platform or mobile application. To redeem, either visit the nearest fund house branch with a redemption form, log in using your folio number on the fund house's website, or place a redemption request on the platform through which you originally invested.

Conclusion

Nippon India Mutual Fund, incorporated in 1995 and managing nearly ₹7.98 lakh crore across 75 schemes, offers investors a broad range of options spanning equity, hybrid, debt, index, and sectoral categories. With dedicated CIOs for equity and debt and an operational history of 31 years, the fund house provides a structured approach to asset management for retail investors across different risk profiles.