Nippon India Mutual Fund
Nippon India Mutual Fund (NIMF) is one of the top-rated mutual fund company in India. The former name of NIMF company was Reliance Nippon Life Asset Management (RNAM). With an average asset size of Rs. 2,02,649.49 crores, Nippon India Mutual Fund manages around 90.26 lakh folios. NIMF has branches across 300 cities throughout India. To offer its customers with a diversified investment option, NIMF offer new products and innovative customer services.
Documents required for Nippon India Mutual Fund
KYC Documents -
- Pan Card
- AADHAAR Card
- Voter's ID
- Passport Size Photo
- Download the KYC form
- The investors will be issued an acknowledgment receipt which he/she needs to submit while applying for subscribing for a mutual fund scheme
Eligibility criteria of Nippon India Mutual Fund
- Adult citizens residing in India.
- Minor through legal guardians/parents.
- Limited liability partnership.
- Religious and charitable trusts.
- Banking and financial institutions
- Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
- The Karta of Hindu Undivided Family (HUF)
- Persons of Indian origin residing abroad (PIOs) or Non-Resident Indians can apply for subscription either on repatriation basis or on non-repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
- Foreign Institutional Investors (FIIs) who have registration under the Securities and Exchange Board of India on repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
- Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
- Other schemes of Mutual Funds subject to the conditions and limits prescribed by SEBI Regulations
Benefits of Nippon India Mutual Fund
Along with the KYC application of the applicant, following are the essential documents for investing in Motilal Oswal Mutual Fund -
- This fund is on at low risk so there is no downfall.
- It provides ready liquidity.
- Superior tax efficient returns compared to bank account Fds
- Short term to medium term investment.
- Easy online investment.
- Simple use interface.
