Nippon Life India Mutual Fund Website Still Offline After April 9 Cyberattack

Website Remains Unavailable Amid Cybersecurity Response

Nippon Life India Mutual Fund (MF), one of India’s leading asset management companies, continues to grapple with the aftermath of a significant cyberattack that occurred on April 9, 2025. The company’s official website remains offline nearly ten days after the incident, as technicians and cybersecurity experts work to restore services.

In its official notification to stock exchanges on April 10, the mutual fund house confirmed a breach of its IT infrastructure, prompting immediate containment measures, including the shutdown of affected systems. However, no specific timeline has been shared regarding the restoration of full website functionality.

Highlights

• Website remains offline following a cyberattack on April 9.

• Systems were shut down as a precaution while investigations commenced.

• No timeline has been given for the restoration of services.

Preliminary Findings Show No Investor Data Compromised

Responding to media inquiries, Nippon Life India MF’s management assured stakeholders that preliminary investigations have not revealed any compromise of sensitive investor data.

In a statement to Moneycontrol, the company emphasized the continued availability of alternate channels for investor transactions. These include Registrar and Transfer Agents (RTAs) like KFin Technologies, as well as unified platforms such as MF Central and MF Utilities.

The fund house reaffirmed its commitment to data security, stating that all IT systems are under continuous monitoring, and that proactive measures are in place to safeguard against future threats. “Safety and security of our systems and processes are of paramount importance,” said the management.

Highlights

• No evidence of investor data breach detected so far.

• Transactions can still be carried out via RTAs and digital aggregator platforms.

• The company reiterates its commitment to cybersecurity and investor safety.

Operational Continuity and Market Standing

Despite the outage of its primary digital platform, Nippon Life India Mutual Fund has taken steps to ensure business continuity through third-party channels and service providers. Investors have been advised to use these alternate platforms for routine transactions, redemptions, and investments.

As of March 2025, Nippon Life India MF managed an impressive Assets Under Management (AUM) portfolio of ₹5.64 lakh crore, spanning across equity, hybrid, and debt-oriented schemes, underscoring its significant presence in India’s mutual fund industry.

While the cyberattack poses reputational and operational challenges, the firm’s swift response and transparency aim to mitigate investor concerns during the period of digital disruption.

Highlights

• Company maintains operational continuity through alternative transaction platforms.

• Nippon Life India MF manages ₹5.64 lakh crore in AUM as of March 2025.

• Investor transactions and portfolio access remain functional via partner channels.