ABOUT THE PROJECT

Nippon India Mutual Fund (NIMF) is one of India's leading mutual funds, with Average Assets Under Management (AAUM) of Rs 279431.37 Crores(Apr 2022 to Jun 2022 QAAUM) and 182.57 lakhs folios (as on 30th Jun 2022)

NIMF which is one of the fastest growing mutual funds in India, offers investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 272 locations (as of 24 January, 2022) across the country. NIMF constantly endeavours to launch innovative products and customer service initiatives to increase value to investors.

Nippon India Mutual Fund (NIMF) has been established as a trust under the Indian Trusts Act, 1882. Nippon Life Insurance Company(NLI) is the Sponsor and Nippon Life India Trustee Ltd (NLITL) is the Trustee.

Nippon India Mutual Fund has been registered with the Securities & Exchange Board of India (SEBI) vide registration number MF/022/95/1 dated June 30, 1995. Nippon India Mutual Fund (NIMF) was earlier known as Reliance Mutual Fund. The name of Mutual Fund was changed from Reliance Mutual Fund to Nippon India Mutual Fund effective September 28, 2019 . NIMF was formed to launch various schemes under which units are issued to the public with a view to contribute to the capital market and to provide investors the opportunities to make investments in diversified securities.