Whereas, Category returns for the same time duration are: 20.96% (1yr), 15.92% (3yr) and 14.09% (5yr). 3. The Nippon India ETF Nifty BeES currently holds Assets under Management worth of Rs 6442.61 crore as on Feb 28, 2022 . 4.
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Basic Details.
| Fund House | Nippon India Mutual Fund |
|---|---|
| Return Grade | — |
| Turnover | 15.0% |
Similarly, Is Nifty Bee ETF a good investment?
Is Nifty BeES a good investment? Nifty BeEs is an ETF and hence offers diversification to the investors. The mutual fund invests in 50 different companies, and therefore, when investors buy one unit of an ETF, they get instant diversification and hence spreading the risk.
How is Nippon Nifty BeES? Index Funds/ETFs : Fund has 99.83% investment in indian stocks of which 90.26% is in large cap stocks, 0.59% is in mid cap stocks .
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Alternative Funds (Category Peers)
| Scheme Name | Nippon India ETF Nifty IT |
|---|---|
| 1M | 5.67 |
| 3M | -2.38 |
| 6M | -0.44 |
| 1Y | 40.63 |
• Feb 28, 2022
Thereof, Can we invest in Nifty BeES?
Nifty BeES is Economical: Nifty BeES is a no load scheme. The annual expense ratio including management fees is a maximum of 0.80% of the Daily Average Net Assets, which is one of the lowest for any mutual fund scheme in India. The costs reduce further to 0.65%, for assets over Rs. 500 crore.
Is Nippon owned by Reliance?
Reliance Mutual Fund has been renamed as Nippon India Mutual Fund. The new name came after Nippon Life Insurance of Japan completed the acquisition of 75 per cent stake in Reliance Nippon Life Asset Management from Reliance Capital.
Is Nippon ETF Safe?
A: As per SEBI’s latest guidelines to calculate risk grades, investment in the Nippon India ETF Nifty BeES comes under Very High risk category.
Who is owner of Nippon India?
The company is led by its CEO Sundeep Sikka. Nippon Life India Asset Management Limited works as an investment management firm. The Company provides services like portfolio management, mutual fund investment, financial planning, and advisory services to individuals, institutions, trusts, and private funds.
Is Nippon an Indian company?
Nippon Life is Japan’s largest life insurance company and a global financial services conglomerate. It manages assets worth over $700 billion. « Nippon Life is a 130-year-old financial services conglomerate.
Who is the owner of Nippon?
Nippon Paint
| Founder | Jujiro Motegi |
| Headquarters | Oyodo Kita, Kita-ku, Osaka 531-8511 , Japan |
| Area served | Worldwide |
| Key people | Masaaki Tanaka (President) Goh Hup Jin (Chairman) |
| Products | Paints Coatings Fine chemicals |
What are BeES ETF?
Nifty BeES (Benchmark Exchange Traded Scheme)—the first exchange traded fund (ETF) in India—seeks to provide investment returns that closely correspond to the total returns of securities as represented by the S&P CNX Nifty Index.
When did reliance change to Nippon?
Nippon Life entered Reliance AMC first by buying a 26 percent stake in 2012 and now owns as much as 75 percent, making it the single largest promoter. Nippon has paid ₹6,000 crore for 75 percent stake, chief executive Sundeep Sikka told reporters. « We will recover the losses in AUM that have happened, » he added.
Is Nippon mutual fund good?
It is a fund with Moderately High risk and has given a CAGR/Annualized return of 20.8% since its launch. Ranked 6 in Small Cap category. Return for 2021 was 74.3% , 2020 was 29.2% and 2019 was -2.5% . Nippon Life Asset Management Ltd.
Is Reliance Mutual Fund changed to Nippon?
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 .
Is Nippon Mutual Fund safe?
It is a fund with Moderately High risk and has given a CAGR/Annualized return of 20.7% since its launch. Ranked 6 in Small Cap category. Return for 2021 was 74.3% , 2020 was 29.2% and 2019 was -2.5% . Nippon Life Asset Management Ltd.
When did Nippon buy Dulux?
Background to the Acquisition by Nippon Paint
On 17 April 2019 DuluxGroup Limited announced that it had entered into a Scheme Implementation Deed with Nippon Paint Holdings Co., Ltd. (‘Nippon Paint’) under which Nippon proposes to acquire 100% of DuluxGroup shares.
How old is Nippon Paint?
After more than 50 years of growth, NIPSEA Group has established over 61 manufacturing facilities and operations across Asia Pacific region. Nippon Paint was established in Tokyo by Mr. Moteki Jujiro in 1881 and is now the largest coatings manufacturer in Asia. The company pioneered the first paint plant in Japan.
What is the new name of Nippon?
Reliance Nippon Life Asset Management Co. Ltd. is now Nippon India Mutual Fund. Japan’s Nippon Life Insurance Co. has renamed its joint venture with Reliance Capital Ltd.
Is Nippon Life a public company?
In structure it is a mutual company. It first paid policyholder dividends in 1898.
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Nippon Life.
| Headquarters of Nippon Life Insurance Company in Chuo-ku, Osaka. | |
|---|---|
| Romanized name | Nihon Seimei Hoken sōgo gaisha |
| Type | Private |
| Industry | Financial services |
| Founded | July 4, 1889 |
Who manage Nippon mutual fund?
Meenakshi DawarFund Manager. Ms. Meenakshi Dawar has over 11 years of experience in Fund Management and Equity Research. She is currently managing Nippon India Value Fund and Nippon India Vision Fund at Nippon India Mutual Fund.
Which is the best fund in Nippon?
List of Nippon Mutual Funds in India
| Fund Name | Category | 1Y Returns |
|---|---|---|
| Nippon India Small Cap Fund | Equity | 45.4% |
| Nippon India Gilt Securities Fund | Debt | 4.3% |
| Nippon India Large Cap Fund | Equity | 26.1% |
| Nippon India Tax Saver (ELSS) Fund | Equity | 24.7% |
How is Nippon India Liquid fund?
1. The Current Net Asset Value of the Nippon India Liquid Fund as of 13 Apr 2022 is Rs 5170.8616 for Growth option of its Regular plan. 2. Its trailing returns over different time periods are: 3.33% (1yr), 4.42% (3yr), 5.49% (5yr) and 6.9% (since launch) .
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Basic Details.
| Fund House | Nippon India Mutual Fund |
|---|---|
| Turnover | – |
Who is the AMC of Nippon India Mutual Fund?
Nippon India Mutual Fund
| Auditors | Haribhakti & Co LLP, Chartered Accountants |
|---|---|
| Custodians | Deutsche Bank A.G. |
| Registrars | N.A |
| Address | 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai 400 013 |
| Telephone Nos. | 022-6808 7000 / 1860 266 0111 |
Which Nippon mutual fund is best?
List of Nippon Mutual Funds in India
| Fund Name | Category | Risk |
|---|---|---|
| Nippon India Large Cap Fund | Equity | Very High |
| Nippon India Tax Saver (ELSS) Fund | Equity | Very High |
| Nippon India Liquid Fund | Debt | Moderate |
| Nippon India Equity Hybrid Fund | Hybrid | Very High |
Is Nippon India Large Cap fund good?
It is a very good fund in the large cap space. It has a good mix of focused bets and cyclical stocks which can play well in the current market environment. If you want to add another large cap fund, you can consider investing in Axis Bluechip Fund.
How can I buy Nippon India ETF?
ETFs can be bought and sold just by a call to the broker or through your internet trading account. This provides an opportunity to investors to respond to changes in the market and even place limit orders while trading.
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