Reliance Mutual Fund on WebNotes

Nippon India Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

Nippon India Mutual Fund is an Indian asset management company , run by Nippon Life India Asset Management Limited (NAM India), a company listed on the National Stock Exchange and the Bombay Stock Exchange , registered with SEBI , and sponsored by Nippon Life Insurance Company of Japan, which held 71.93 per cent of the equity as of 31 March 2026. The fund house reported quarterly average assets under management (QAAUM) of Rs 7,24,965 crore for the January to March 2026 quarter and 394.35 lakh folios as of 31 March 2026, making it one of the largest AMCs in India and the market leader in exchange-traded funds .

Nippon India Mutual Fund direct portal

Tue, 12 May 2026 00:00:00 +0000

The Nippon India Mutual Fund direct portal at nipponindiamf.com is the AMC-operated investment platform for direct plan investments in schemes managed by Nippon Life India Asset Management Limited (Nippon AMC), formerly known as Reliance Mutual Fund and later Nippon India Mutual Fund following Nippon Life Insurance Company’s acquisition of a majority stake from the Anil Dhirubhai Ambani Group. Nippon AMC is listed on NSE and BSE (NSE: NAM-INDIA), making it another of the publicly traded AMCs in India.

Nippon Life acquisition of Reliance Mutual Fund (2019)

Tue, 12 May 2026 00:00:00 +0000

The Nippon Life acquisition of a controlling stake in Reliance Nippon Life Asset Management in October 2019 transformed one of India’s oldest and largest asset management companies from an Anil Ambani group entity into a Japanese-controlled subsidiary of Nippon Life Insurance Company, one of the world’s largest insurance corporations. The transaction, consummated through open market purchases and block deals on NSE and BSE, saw Nippon Life increase its shareholding from approximately 42.88 percent to approximately 75 percent in Reliance Nippon Life Asset Management Limited (RNLAM), triggering a mandatory open offer and culminating in the company’s rebranding as Nippon India Mutual Fund. The acquisition resolved the governance uncertainty created by the deteriorating financial condition of Reliance Capital Limited, the promoter AMC shareholder, and stabilised one of India’s largest AMC franchises during a period of industry stress.

Reliance Mutual Fund (historical)

Tue, 12 May 2026 00:00:00 +0000

Reliance Mutual Fund was the brand name used by Reliance Capital Asset Management Limited, the asset management subsidiary of Reliance Capital Limited within the Reliance ADA Group (Anil Dhirubhai Ambani Group), from its establishment in 2004 until the rebranding to Nippon India Mutual Fund in October 2019. The fund house grew to become one of India’s largest AMCs during the mid-2000s to mid-2010s and operated a range of equity, debt, hybrid, and exchange-traded fund schemes. The historical Reliance Mutual Fund entity no longer exists as a separate brand; all its schemes, assets, and investor accounts are now part of Nippon India Mutual Fund.