Nippon India Mutual Fund

How To Invest In Nippon India Mutual Fund?

You can invest in Nippon India Mutual Fund on INDmoney. To begin investing, follow the steps below:

Step 1: Download the INDmoney app and create your free investment account by completing your KYC. To complete this process, you will have to provide your PAN, Aadhaar and a few other details. This step is mandatory to verify your identity and create a secure account.

Step 2: Once your free investment account on INDmoney is ready. Look for ‘Mutual Funds’ in the bottom menu bar or directly search for ‘Nippon India Mutual Fund’ from the search bar.

Step 3: You will now get a list of all funds run by Nippon India. From here, look at key metrics to choose the best fund for yourself. Look at past returns, volatility ratio, AUM, expense ratio, fund managers' track records, etc.

Step 4: Now, click on the fund you wish to invest in. On this page, you will see two tabs, one for ‘One-time’ or lump sum investment and the other for ‘SIP’. Choose whatever suits your investment goal.

Step 5: The next step is to enter the amount you wish to invest and set up the payment for this. If you choose to SIP in Nippon Mutual Fund, you can do this via a bank mandate or set a UPI autopay.

Factors To Consider Before Investing In Nippon Mutual Fund?

Before you decide which fund is the best to invest in, you must consider some critical factors. Some of which include:

Expense Ratio: The expense ratio of a mutual fund reflects the operational expenses linked to the scheme. It is represented as a percentage of the total investment. It covers various scheme-related costs such as fund manager and research analyst salaries, as well as other maintenance expenses related to the scheme. The expense ratio is deducted from the NAV of Nippon India Mutual Fund every day. Hence, the lower the expense ratio, the more it contributes to your returns.

Fund Performance: Check past returns of the mutual fund. To do this, look at ‘annualise returns’ and ‘CAGR’. You must also check if the fund is beating its benchmark or meeting benchmark returns. Looking at these metrics helps you form an analysis of how much return can be expected from the Nippon Mutual fund you choose.

Assets Under Management: Assets Under Management or AUM represents the total value of assets overseen by the mutual fund scheme. A larger AUM indicates a bigger pool of investments and investor interest in the fund.