Nippon India Mutual Fund has announced changes in the fund management responsibilities of several schemes with effect from September 3, 2026. According to reports from Nippon India MF, the changes involve both debt and equity schemes, indicating a comprehensive restructuring of the fund management team.
The Nippon India Aggressive Hybrid Fund will see a significant change in its fund management structure. As reported by Nippon India MF, the existing fund managers Meenakshi Dawar and Sushil Hari Prasad Budhia (Debt) will continue to manage the debt portion of the fund. However, Jignesh Kamani will join as the new Assistant Fund Manager, bringing additional expertise to the team.
The Nippon India Multi Cap Fund will see a change in its leadership structure. According to Nippon India MF, Sailesh Raj Bhan will continue as the fund manager, but Yatin Matta will join as the new Assistant Fund Manager. This addition to the team suggests a strengthening of the fund's management capabilities for the multi-cap strategy.
The Nippon India Medium Term Fund Segregated Portfolio 1 Direct Growth has demonstrated strong performance with ₹6 crore AUM as of July 2026. As reported by Nippon India MF, the fund has delivered impressive returns with a CAGR of 89.02% since inception and 339.63% CAGR over the last 1 year. The fund is managed by Sushil Budhia, Amber Singhania, and Kinjal Desai, with no lock-in period and minimum investment of ₹0 for both lump sum and SIP investments.
Vikash Agarwal has been managing the Nippon India Money Market Fund since September 2024, as reported by Nippon India MF. The fund, which invests in money market instruments with residual maturity up to 1 year, maintains a portfolio duration between 110-160 days. The fund offers both regular and direct schemes with NAV of ₹4,442.89 as of July 31, 2026, delivering returns of 7.31% since inception.
