Nippon Life acquisition of Reliance Mutual Fund (2019)

Tue, 19 May 2026 00:00:00 +0000

In October 2019, Nippon Life Insurance Company of Japan completed the acquisition of Reliance Nippon Life Asset Management’s mutual fund business from Reliance Capital, formally renaming the AMC to Nippon Life India Asset Management . The deal valued Reliance MF at approximately Rs 6,000 crore and made Nippon Life one of the top-tier AMCs in India by AUM. The transaction was driven by Reliance Capital’s broader financial distress and the need to monetise non-core assets.

Nippon on WebNotes

Nippon Life acquisition of Reliance Mutual Fund (2019)