Nippon India Mutual Fund: Analysis of Growth and Performance
Nippon India Mutual Fund (MF) is currently one of the fastest-growing Asset Management Companies (AMCs) in India. Its AUM climbed from ₹5,69,953.53 crore in December 2024 to ₹6,17,875 crore by June 30, 2025—an impressive 8.41% rise. This growth is fueled by popular schemes like the Nippon India Small Cap Fund and backed by a strong joint venture structure: 75% owned by Nippon Life Insurance and 25% by Reliance Capital.
Key Highlights
AUM climbed from ₹5,69,953.53 cr to ₹6,17,875 cr.
Positioned to retain or improve rank with recent growth.
75% Nippon Life Insurance
25% Reliance Capital Limited
AUM Growth Trajectory
A rising Assets Under Management (AUM) reflects stronger investor confidence and fund performance. The chart below visualizes Nippon India MF's AUM progression.
Comparison Point: As of Mar 31, 2025, SBI MF’s AUM was ₹10,76,364 cr.
Rankings & Growth Rate
Rankings Among Top 10 AMCs (Dec 2024)
| Rank | AMC Name | AUM (₹ cr) |
|---|---|---|
| 1 | SBI Mutual Fund | 10,76,151.71 |
| 2 | ICICI Prudential MF | 912,500.31 |
| 3 | HDFC Mutual Fund | 767,265.60 |
| 5 | Nippon India Mutual Fund | 569,953.53 |
| 4 | Kotak Mahindra MF | 487,046.59 |
| 6 | Aditya Birla Sun Life MF | 401,679.25 |
| 7 | Axis Mutual Fund | 336,158.60 |
| 8 | UTI Mutual Fund | 332,771.40 |
| 9 | Mirae Asset Mutual Fund | 206,596.41 |
| 10 | Tata Mutual Fund | 194,918.35 |
Growth Rate (Dec 2024 → May 2025)
| Rank | AMC Name | Dec 2024 AUM (₹ cr) | May 2025 AUM (₹ cr) | Growth |
|---|---|---|---|---|
| 1 | SBI Mutual Fund | 10,76,151.71 | 11,43,118.19 | +6.22% |
| 2 | ICICI Prudential MF | 912,500.31 | 991,217.34 | +8.63% |
| 3 | HDFC Mutual Fund | 767,265.60 | 864,591.35 | +12.68% |
| 4 | Kotak Mahindra MF | 487,046.59 | 538,849.96 | +10.64% |
| 5 | Nippon India Mutual Fund | 569,953.53 | 626,475.15 | +9.92% |
Flagship Schemes & NAV Snapshot
| Scheme | AUM (₹ cr) | NAV (as on Jul 4, 2025) | 1-yr Return | 3-yr Return |
|---|---|---|---|---|
| Nippon India Small Cap Fund (Direct‑G) | ₹63,006–63,018* | ₹193.75 | –1.20% | +30.19% |
| Nippon India Growth Mid Cap Fund (Direct‑G) | ₹36,836.07 | ₹4,578.84 | +6.44% | +30.85% |
| Nippon India Growth Fund (Direct-Growth) | — | — | +9.89% | +130.06% |
Governance and History
- Joint Venture: A strategic partnership combining the global experience of Nippon Life Insurance Company (75%) and the local market presence of Reliance Capital Limited (25%).
- History: The fund house began its journey as Reliance Mutual Fund in 1995 after registration with SEBI (Reg. MF/022/95/1). It was later rebranded to Nippon India Mutual Fund in September 2019.
Difficulties and Problems to Consider
- Data Gaps: AUM data can vary across different platforms (e.g., Morningstar vs. MoneyWorks4me). It's always best to cross-check with official AMFI data.
- Comparative Limits: Complete AUM data for June 2025 from peer AMCs is not yet fully published, making direct, real-time comparison difficult.
- Market Fluctuations: AUM is sensitive to market trends. It is prudent for investors to monitor NAVs on a regular basis to stay informed.
