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reliance mutual funds for nri

Invest in the best mutual funds recommended by Scripbox that are scientifically and algorithmically selected that best suit your needs. Let’s take a look at the top mutual funds to invest this year. Be it long-term, short-term, tax saving or your emergency needs. We have you covered.

Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.

ABOUT NIPPON LIFE INDIA ASSET MANAGEMENT LTD

Nippon Life India Asset Management Ltd manages assets worth 191,313 crores and was set up on 24 February 1995. It’s current offering of mutual fund schemes includes 87 equity,369 debt and 34 hybrid funds.See top Nippon Life India Asset Management Ltd funds

Reliance Nippon India Mutual Fund was established in 1996. It is a joint venture between India’s Reliance Mutual Fund and Japan’s Nippon Life Insurance Company. It is india’s top asset management company with a total AUM of Rs 1.8 Lac Crore with about 91.9 lac active folios. It is the first compnay to be listed and traded on both the NSE and Bombay Stock Exchange (BSE).

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Funds recommended by Scripbox for 2021

Nippon India Liquid Fund (G)

Nippon India Liquid Fund (G)

Liquid

Recommended

Top Ranked

₹ 19,337 Cr

Fund Size

5.9%

3Y returns

Nippon India Growth Fund (G)

Nippon India Growth Fund (G)

Mid Cap

Recommended

Top Ranked

₹ 8,153 Cr

Fund Size

12.1%

3Y returns

NRI Mutual Funds Questions & Answers

Frequently asked questions

Can NRIs apply for the Reliance rights issue?

Reliance rights Issue is a facility for only resident investors and not allowed for NRIs to apply for it. The existing resident shareholders will have to pay 25 percent for subscribing to the rights issue and the rest will be paid in 2 installments with no limit for the number of shares to apply for.

Who is eligible for the Reliance rights issue?

Only existing shareholders are eligible for Reliance rights issues. They are entitled to RIL at a ratio proportional to the number of shares they are already holding. The purpose is to increase the company capital by maintaining the same number of shareholders