Reliance Mutual Fund (now known as Nippon India Mutual Fund) was one of India’s leading mutual fund houses. It offered a wide range of mutual fund schemes across equity, debt, hybrid, and other categories, catering to different investor needs.
In October 2019, Japan’s Nippon Life Insurance acquired a 75% stake in the company, and it was rebranded as Nippon India Mutual Fund. Despite the change in ownership, the fund house continues to offer robust investment solutions.
Types of Mutual funds
- Debt Funds
- Diversified Large-Cap Funds
- Exchange Traded Funds
- Diversified Multi-Cap Funds
- Sector Funds
- Diversified Small-Cap and Mid-Cap Funds
- Tax-Saving Funds
- Index Funds
- Arbitrage Funds
- Balanced Funds
- International Funds
- Liquid Funds
- Gold Funds
Debt Funds
Debt funds are saving instruments which provide medium returns with enhanced safety and reliability, especially when compared to equity funds. Here’s a glimpse of the various forms of debt funds offered under these realms:
- Ultra-Short Term – a fixed-income instrument with short-term maturity.
- GILT – makes investments in government securities.
- Short Term – makes investments in bonds which are superior with a low-risk potential.
- Long-Term – gains maturity within a span of ten years
- Monthly Income Plan – yes, it provides income on a month-on-month basis.
- Dynamic – the investment option facilitates the interchanging of short and long-term investment instruments.
- Equity Funds – are invested in stocks or equities in the mutual fund market. The potential for risk ranges between medium-high level. This provides dynamic Return on Investments (ROI).
Diversified Large-Cap Funds
These funds play the role of neutralizing all risk factors. This is ensured by facilitating the spread of total investments across various securities.
Exchange Traded Funds
Exchange-Traded Funds (ETF) make investments in various securities, being traded during a given day.
Diversified Multi-Cap Funds
These funds are invested in various securities irrespective of the factor of market capitalization.
Sector Funds
Sector funds operate in a manner that befits its name, as these funds invest in versatile sectors such as oil, finance, infrastructure, etc.
Diversified Small-Cap and Mid-Cap Funds
These funds make investments in diverse small and medium instruments.
Tax-Saving Funds
Tax-saving funds or Equity Linked Saving Scheme (ELSS) comes with a gamut of tax benefits which are rendered under Section 88 of the Income Tax Act.
Index Funds
Such funds are formulated to track specific indexes, a few examples of which could be S&P 500 and Sensex.
Arbitrage Funds
Arbitrage funds are utilized to conduct smart trade. As is suggestive, this is a fund system wherein lower-priced securities are simultaneously procured in the market so at to re-sell it in another marker for a relatively higher price.
Balanced Funds
These funds are known for holding debts and equity fund instruments in equal proportions.
International Funds
These funds are invested in international securities.
Liquid Funds
These funds are supplemented for short-term funds and are invested in low-risk money markets with a lock-in period that ranges from nil to minimal.
Gold Funds
Gold funds are invested in gold or traded stocks of gold-mining companies. It allows investors to purchase pure gold at lower prices so as to resell them in the market at linked prices.
Key Features of Nippon India Mutual Funds
- Wide Range of Schemes: Offers funds across equity, debt, hybrid, and other categories.
- SIP Option: Allows investors to start Systematic Investment Plans (SIPs) with as little as ₹100 per month.
- Tax Benefits: ELSS funds provide tax deductions under Section 80C.
- Digital Investment: Easy online access through the Nippon India Mutual Fund website or mobile app.
Benefits of Investing in Nippon India Mutual Funds
- Professional Management: Funds are managed by experienced fund managers.
- Diversification: Reduces risk by investing across various sectors and asset classes.
- Flexibility: Offers SIP, lump sum, and SWP options.
- Liquidity: Easy redemption process.
- Tax Efficiency: ELSS funds offer tax benefits.
Online Investment
Official Website
The official portal of Reliance Mutual Funds provides for the remittance of investments on a twenty-four-hour basis. This easy to use website also provides access to a host of other pertinent transactions.
Mobile App
The Reliance Mutual Fund app helps in pursuing online transactions in a manner which is simple, safe and easy to use. Prominently, it provides the investors with a single-step option of making investments – courtesy the ‘Simply Save’ option.
Stock Exchange
The units of Reliance Mutual Fund could be subscribed or redeemed through MFSS Platform (NSE) and BSE Star Platform (BSE). Units purchased through such platforms will be credited to the investors DEMAT account.
FAQs
What are Reliance Mutual Funds?
Reliance Mutual Funds, now known as Nippon India Mutual Funds, are investment schemes that pool money from investors and invest it in various financial instruments like stocks, bonds, and other securities to generate returns.
Why did Reliance Mutual Funds change its name to Nippon India Mutual Funds?
The rebranding happened after Nippon Life Insurance Company, a Japanese financial giant, acquired the entire stake from Reliance Capital. The fund house was renamed Nippon India Mutual Fund (NIMF) to reflect its new ownership.
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