Reliance Nippon Life AMC to rebranded as Nippon India Mutual Fund

Reliance Nippon Life AMC to rebranded as Nippon India Mutual Fund

The largest Japanese life insurance company, Nippon Life Insurance has renamed Reliance Nippon Life Asset Management (RNAM) as Nippon India Mutual Fund (NIMF) after acquiring 75 % stake in RNAM from Reliance Capital for around Rs 6,000 crore.

With the help of a 130-year-old Nippon Life’s international network, it will be helpful in expanding the company in the tier-II and -III cities to offer a range of products suited to the investors’ need on the debt side of the mutual fund industry.

Sundeep Sikka will continue to lead the company with the same management team. NIMF runs as an advisor for India focused equity and fixed-income funds in Japan (launched by Nissay Asset Management), Korea (launched by Samsung Asset Management) and in Thailand (launched by BBL Asset Management) & controls offshore funds through its subsidiaries in Singapore and Mauritius, and also has a representative office in Dubai, thereby, catering to investors across Asia, West Asia, the UK, the US, and Europe.