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of <h1>Nippon India Mutual Fund Sets Ambitious Goal to Reach 5 Crore Investors Through Strategic Retail Expansion in Smaller Cities</h1> Nippon India Mutual Fund aims to expand its investor base to 5 crore over 7-8 years by focusing on deeper retail penetration in smaller cities, particularly in eastern India. The fund house added 82 lakh investors in the past fiscal year, achieving 27% growth in assets under management. With 269 branches nationwide, it has established a strong presence in 11 states, emphasizing investor education and systematic investment plans in tier-II and tier-III cities.
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