Nippon India MF solves cyber attack issue

Nippon India Asset Management Company, one of the largest fund houses, has informed that the cyber attack on its website has been resolved and all its IT infrastructure is up and running.

On April 10, the fund house informed a cyber security incident on its website and the company had shut down and isolated all its systems.

Thereafter, it began restoration activity with the assistance of cyber security experts.

On Monday, the company fully restored the core operating systems for management of funds by the next working day itself.

Thereafter, the restoration of the mobile application and website was taken up.

“We would like to inform that the company’s mobile application and website are now fully functional and operating normally,” it said.

During the downtime, the customers were requested to transact through alternate channels which remained completely unaffected through this period.

Overall, there was no material impact on the operations of the company due to the said incident, it added.

Among the top 10 fund houses, Nippon India MF topped the list of mutual funds with the maximum gain in asset under management last fiscal despite equity market turbulence.

Nippon MF registered the highest growth of 29 per cent in AUM at ₹5.57 lakh crore against ₹4.31 lakh crore logged in the same period last year.

Published on April 21, 2025