Nippon India Mutual Fund eyes deeper retail penetration, expansion into smaller towns

Sundeep Sikka, ED & CEO Nippon India Mutual Fund
| Photo Credit:
DEBASISH BHADURI

Nippon India Mutual Fund is focussing on deeper retail penetration and expansion into smaller towns to increase its investor base.

The fund house’s unique investor base is currently stands at around 2 crore across India. “We are eyeing to increase the investor base to around 4-5 crore in the next three to five years,” Sundeep Sikka, Executive Director and CEO, Nippon India Mutual Fund, told businessline.

Its assets under management (AUM) grew around 27 per cent year-on-year last fiscal to ₹5.63 lakh crore from ₹4.42 lakh crore in the previous financial year. “In FY25, our AUM witnessed more than industry growth of around 21 per cent,” Sikka said.

East has been a major growth market for the found house with around ₹50,000 crore of AUM currently.

“In East industry grew at 38 per cent, while Nippon India Mutual Fund grew at 55 per cent. I think for us, East zone continues to be one of the important focus areas. One of the unique opportunities that is there is lower penetration. In a three-year period, the cities like Kolkata, Patna and Ranchi would grow faster than the national average, and we are growing even faster than the industry now in these cities,” Sikka said.

“Our focus has been to increase the investor base. We believe, for the financial inclusion of India, we need to focus on number of investors, and we need to ensure that every Indian household is a mutual fund investor, and AUM will be be a by-product of that,” he added.

Published on May 28, 2025

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