Salary Addvantage

Nippon India Mutual Fund

NIPPON INDIA MUTUAL FUND

Nippon India Mutual Fund (NIMF) is one of India's leading mutual funds, with Average Assets Under Management (AAUM) of Rs 180060.69 Crores (Apr 2020 - Jun 2020 QAAUM) and 91.19 lakhs folios (as on June 30, 2020).

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 300​ cities (as on​ March 31, 2019​​) 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.

Main Objectives

To carry on the activity of a mutual fund as may be permitted at law, and formulate and devise various collective schemes of savings and investments for people in India and abroad, and also ensure liquidity of investments for the unit holders;

To deploy funds thus raised so as to help the unit holders earn reasonable returns on their savings; and

To take such steps as may be necessary from time to time to realise the effects without any limitation.

Vision

To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance.

Mission

To create and nurture a world-class, high performance environment aimed at delighting our customers.​

Nippon Life India Asset Management Limited‘s (NAM India) Board and its management firmly believes in an organizational culture of robust & highest standards of Corporate Governance since the same is critical in order to retain & enhance the trust of its various stakeholders. Over a period of time, NAM India has achieved considerable success & visibility in the market and the significant credit for this goes to the practice of strict adherence of Corporate Governance principles & ethical conduct at the marketplace. The implementation and observance of ethical processes & policies and good Corporate Governance has helped NAM India in standing up to the scrutiny of its domestic as well as international investors and stakeholders.​​​

The Philosophy

NAM India’s philosophy with respect to Corporate Governance envisages the attainment of the highest levels of transparency, accountability and equity, in all facets of its operations and in all its interactions with its stakeholders, including shareholders, employees, the government, lenders and the society. The Company believes that all its operations and actions must serve the underlying goal of enhancing long-term shareholder value.

NAM India’s philosophy of Corporate Governance is guided by the following core principles-

Transparency

To maintain highest standards of transparency in all aspects of interactions & dealings;

Disclosures

To ensure timely dissemination of correct information to the relevant stakeholders & regulatory authorities;

Empowerment and Accountability

To demonstrate highest levels of personal accountability in order to ensure that employees consistently pursue excellence in everything they do;

Compliances

To timely comply with all the applicable laws and regulations, in letter & spirit;

Ethical Conduct

To conduct the affairs of the company in an ethical & just manner; and

Stakeholders’ Interests

To promote the interests of all stakeholders including that of the unit holders, shareholders, employees, vendors and the community at large.

NAM India’s Board comprises of a just & right mix of individuals, who are well-experienced in their respective fields & who have a huge and visible credibility alongside their respective names. Fifty percent of NAM India’s Board is Independent.

Apart from exercising their experience & diligence on the company’s business, NAM India’s Board has a very high degree of focus on the matters concerning compliances and Corporate Governance.

The meetings of the Board are conducted in a professionally conducive manner and the thrust is always there on the principles of complete & fair disclosures, core compliance & accountability. The Board also ensures that the affairs of the company are always conducted within the permitted regulatory framework and in the interest of its stakeholders. The Board monitors the financial performance of the Company and ensures that the financial results are prepared in accordance with the generally accepted accounting principles and is reported to shareholders and regulators on a timely and regular basis.

All the critical policies of the company are reviewed & approved by the Board of Directors, at least once a year or as and when required. Similarly various operational committees of the company’s senior management, which are required for making the day to day decisions, are also constituted with the prior approval of the Board and the decisions taken by these committees are further put up before the Board for their noting.

Further, in line with the statutory requirements, a Audit committee is also in place which comprises of all the board of directors of the company as its members. The role of the audit committee is to review the internal control systems and the annual financial statements of the company.

Further, in accordance with the applicable provisions and as a matter of good Corporate Governance, the Company has appointed various auditors namely auditor for the various mutual fund schemes of Nippon India Mutual Fund, statutory auditor and internal auditor, all being agencies of repute and standing. These auditing agencies periodically submit their report, which are placed before the audit committee for discussion, review and implementation of recommendations.

The Company appropriately and timely discloses the required information to its prime regulator i.e. SEBI and other relevant authorities and its unit holders.

NAM India​’s Corporate Governance philosophy envisages attainment of highest levels of integrity, accountability, performance and ethical behavior in all facets of business and one of the most critical organizational motto’s is to instill and nurture the culture of “Total Compliance” across the organization.

Nippon Life India Asset Management Limited (NAM India) is the asset manager of Nippon India Mutual Fund (NIMF). The name of our Company was changed from 'Reliance Nippon Life Asset Management Limited' to ‘Nippon Life India Asset Management Limited’ and a fresh certificate of incorporation was issued by the Registrar of Companies, Mumbai on January 13, 2020. Nippon Life Insurance Company is the promoter of NAM India and currently holds 74.95% of its total issued and paid-up equity share capital. Equity Shares of NAM India are listed on BSE Limited and National Stock Exchange of India Limited.

Nippon Life Insurance Company (“NLI”) is a Japan’s leading private life insurer and offers a wide range of financial products, including individual and group life and annuity policies through various distribution channels, mainly using face-to-face sales channels for its traditional insurance products. It primarily operates in Japan, North America, Europe, Oceania and Asia, and is headquartered in Osaka, Japan. NLI conducts asset management operations in Asia, through its subsidiary Nissay Asset Management Corporation (“Nissay”), which manages assets globally.

Nippon India Mutual Fund – Organization Structure

Sponsor Nippon Life Insurance Company
Trustee Nippon Life India Trustee Limited (Formerly known as Reliance Capital Trustee Co. Limited)
(CIN : U65910MH1995PLC220528)
Investm​ent Manager / AMC Nippon Life India Asset Management Limited (Formerly known as Reliance Nippon Life Asset Management Limited) ​
(CIN : L65910MH1995PLC220793​​)​​
Statutory Details The Trustee and the Investment Manager are incorporated under the Companies Act, 1956 and the Sponsor is a mutual company ​registered under the laws of Japan

About Nippon Life India Asset Management Limited

Nippon Life India Asset Management Limited (NAM India) is a​ ​listed public limited company incorporated under the Companies Act, 1956 on February 24, 1995​, having its registered office at

4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg,
Lower Parel (W), Mumbai – 400 013

and its Corporate Office at​

4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg,
Lower Parel (W), Mumbai – 400 013.

NAM India​​ has been appointed as the Asset Management Company (AMC) of Nippon India Mutual Fund (NIMF) by the Trustees of NIMF vide Investment Management Agreement (IMA) dated May 12, 1995 amended on August 12, 1997, January 20, 2004, February 17, 2011 and December 10, 2018 in line with Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.

Other Activities of NAM India​​

NAM India has been registered as a Portfolio Manager vide SEBI Registration Number INP000000423. Prior to the SEBI (Change in Conditions of Registration of Certain Intermediaries)(Amendment) Regulations, 2016, the certificate of registration was valid for a period of three years from the date of its issue. After the amendment, the certificate of registration is valid till it has been suspended or cancelled by SEBI. Under this license, NAM India is managing portfolio of its clients in terms of Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993. In addition to this, NAM India also renders advisory services to its offshore clients and an approval to manage and / or advise pooled assets including offshore funds, Insurance funds, provident funds is in place.

Subsidiaries of NAM India

From time to time, NAM India has set up subsidiary companies after seeking the necessary approvals and registrations, as applicable, including that from SEBI. Presently, NAM India​​ has the following subsidiaries:
India​​
Nippon Life India AIF Management Limited (Formerly known as Reliance AIF Management Company Limited) for acting as Investment Manager / Advisor of Alternative Investment Funds
Overseas
Nippon Life India Asset Management (Singapore) Pte. Ltd., in Singapore
Nippon Life India Asset Management (Mauritius) Limited, in Mauritius

NAM India​ has ensured that key personnel of the AMC, the systems, back office, and bank and securities accounts are segregated activity-wise and there exists systems to prohibit access to inside information of various activities. As per SEBI regulations, it will further ensure that the AMC meets the capital adequacy requirements, if any, separately for each such activity.

However, there is no conflict of interest inter​–se between various “other activities”, as being directly or indirectly carried out by NAM India​​.​

Financial Year

Disclosure of Voting - Quarter 2 FY 2019 2020 Download
Disclosure of Voting - Quarter 1 FY 2019 2020 Download
Policy of Proxy Voting Download
Auditors certificate for Disclosure of Voting Records of Nippon India Mutual Fund (NIMF) for the FY 2018-2019 Download
Disclosure of Voting – Annual Disclosure FY 2018 2019 Download
Disclosure of Voting - Quarter 4 FY 2018 2019 Download
Disclosure of Voting - Quarter 3 FY 2018 2019 Download
Disclosure of Voting - Quarter 2 FY 2018 2019 Download
Disclosure of Voting - Quarter 1 FY 2018 2019 Download
Auditors certificate for Disclosure of Voting Records of Nippon India Mutual Fund (NIMF) for the FY 2017-2018 Download
Disclosure of Voting – Annual Disclosure FY 2017 2018 Download
Disclosure of Voting - Quarter 4 FY 2017 2018 Download
Disclosure of Voting - Quarter 3 FY 2017 2018 Download
Disclosure of Voting - Quarter 2 FY 2017 2018 Download
Disclosure of Voting - Quarter 1 FY 2017 2018 Download
Auditors certificate for Disclosure of Voting Records of Nippon India Mutual Fund (NIMF) for the FY 2016-2017 Download
Disclosure of Voting – Annual Disclosure FY 2016 2017 Download
Disclosure of Voting - Quarter 4 FY 2016 2017 Download
Disclosure of Voting - Quarter FY 2016 2017 Download
Disclosure of Voting - Quarter FY 2016 2017 Download
Disclosure of Voting - Quarter 1 FY 2016 2017 Download
Auditors certificate for Disclosure of Voting Records of Nippon India Mutual Fund (NIMF) for the FY 2015 2016 Download
Disclosure of Voting – Annual Disclosure FY 2015 2016 Download
Disclosure of Voting - Quarter 4 FY 2015 2016 Download
Disclosure of Voting - Quarter 3 FY 2015 2016 Download
Disclosure of Voting - Quarter 2 FY 2015 2016 Download
Disclosure of Voting - Quarter 1 FY 2015 2016 Download
Auditors certificate for Disclosure of Voting Records of Nippon India Mutual Fund (NIMF) for the FY 2014 2015 Download
Disclosure of Voting – Annual Disclosure FY 2014 2015 Download
Disclosure of Voting - Quarter 4 FY 2014 2015 Download
Disclosure of Voting - Quarter 3 FY 2014 2015 Download
Disclosure of Voting – Quarter 2 FY 2014 2015 Download
Disclosure of Voting – Quarter 1 FY 2014 2015 Download
Disclosure of Voting for FY 2013 2014 Download
Disclosure of Voting for FY 2012-13 Download
Disclosure of Voting for FY 2011-12 Download
Disclosure of Voting for FY 2010-11 Download
Top