Formerly known as Reliance Mutual Fund, Nippon India Mutual Fund (NIMF) was established in June 1995 through a collaboration between Reliance Capital and Nippon Life Insurance Company of Japan. In October 2019, Nippon acquired Reliance's stake, leading to the renaming of the fund house as Nippon India Mutual Fund. Notably, NIMF became the first AMC to be listed on the stock exchanges in 2017.
Nippon Life India Asset Management Limited (NAM India) serves as the Asset Manager of NIMF. Its major stakeholders, Reliance Capital Limited and Nippon Life Insurance Company, collectively own 75.93% of its total issued and paid-up equity share capital.
As of March 31, 2024, Nippon India Mutual Fund managed assets worth INR 4,38,276.85 crore, spanning mutual funds, alternative investments, pension funds, and offshore funds. Offering 180 primary schemes, including 45 equity, 27 debt, and 8 others like liquid and gold schemes, Nippon Mutual Fund ranks 4th in terms of industry AUM.
Investing in the best Nippon India Mutual Funds or any other top-performing mutual fund is quick and simple with Bullsmart. One needs to follow the steps provided below:
1. Sign in to the Bullsmart app using your mobile number and validate it with an OTP. Then, click on "Open Account for Free" and complete the KYC process by entering your PAN number, date of birth, and additional details such as gender preference, marital status, occupation, income, Source of Wealth, and trading preference.
2. Choose your bank and enter bank account details including IFSC code and account number. Once entered, verify the details.
3. Share the required documents via DigiLocker. Enter your Aadhar number, captcha code, and the OTP sent to your registered mobile number. Finally, enter the 6-digit DigiLocker PIN to complete the KYC process.
4. Add a photo and e-signature to finalise the process.
5. If desired, add a nominee, click on submit and you're all set to start your investment journey with Bullsmart.
In order to help you become a smart investor with Bullsmart, we've simplified the entire process just for you. To get started, ensure you have the following essential documents at hand: