Nippon India Mutual Fund (formerly Reliance Mutual Fund) is one of the leading asset management companies in India. It manages assets across managed accounts, mutual funds, pension funds, alternative investments, and offshore funds. Nippon Life India Asset Management Limited (NAM India) are the asset managers of Nippon India Mutual Fund (NIMF). Reliance Capital Limited and Nippon Life Insurance Company are the promoters of NAM India. The promoters hold 75.93% of its total issued and paid-up equity share capital.
Reliance Capital Limited is one of India’s topmost RBI registered Non-Banking Finance Company. It has its business interests in asset management, life insurance, general insurance, stockbroking and other activities in the financial sector.
Nippon India Mutual Fund is one of India’s top Asset Management Companies. Set up in June 1995 as Reliance Mutual Fund, it was a joint venture between India’s Reliance Capital and Japan’s Nippon Life Insurance company. In October 2019, Nippon bought Reliance’s stake and renamed the fund house as Nippon India Mutual Fund.
Nippon Mutual Funds manage assets worth Rs.2,07,288 crores. Currently, the range of Nippon mutual funds schemes includes 52 equity, 266 debt, and 40 balanced funds. The company is led by its CEO Sundeep Sikka. Nippon Life India Asset Management Limited works as an investment management firm. The Company provides services like portfolio management, mutual fund investment, financial planning, and advisory services to individuals, institutions, trusts, and private funds.
Nippon Life Insurance Company (NLI) is Japan’s one of the leading private life insurance company that offers a wide range of financial/traditional insurance products. NLI carries out the asset management operation in Asia, through its subsidiary Nissay Asset Management Corporation (“Nissay”), which manages assets globally.