Dynamically Invests Across Time Appropriate Market Caps With An Aim To Maximize Returns. Aim to stay ahead with a Fund That Adapts to Market Trends Nippon India Index Fund Nifty 50 Plan Direct Growth - Get latest NAV, SIP Returns & Rankings, Ratings, Fund Performance, Portfolio, Expense Ratio, Holding Analysis, and Peers. Invest in Nippon India Index Fund Online with Groww. Nippon Life India Asset Management Limited (Formerly Reliance Life Asset Management Limited), 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai – 400 013 Nippon India Mutual Fund (NIMF) has been established as a trust under the Indian Trusts Act, 1882. Nippon Life Insurance Company (NLI) is the Sponsor and Nippon Life India Trustee Ltd (NLITL) is the Trustee.