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Reliance Nippon Life Asset Management Limited (formerly Reliance Capital Asset Management Limited)(RNAM) is the asset manager of Reliance Mutual Fund (RMF). Reliance Capital Limited and Nippon Life Insurance Company are the promoters of RNAM and currently hold 85.75% of its total issued and paid-up equity share capital. Equity Shares of RNAM are listed on BSE Limited and National Stock Exchange of India Limited​.​​​

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Reliance Capital Limited is one of India’s leading and fastest growing, RBI registered Non-Banking Finance Company (NBFC). and has its business interests in Asset Management, Life Insurance, General Insurance, Private Equity, Proprietary Investments, Stock Broking, & other activities in the Financial Services Sector.

Nippon Life Insurance Company (“NLI”) is a Japan’s leading private life insurer and offers a wide range of financial products, including individual and group life and annuity policies through various distribution channels, mainly using face-to-face sales channels for its traditional insurance products. It primarily operates in Japan, North America, Europe and Asia, and is headquartered in Osaka, Japan. NLI conducts asset management operations in Asia, through its subsidiary Nissay Asset Management Corporation (“Nissay”), which manages assets globally. ​

Reliance Mutual Fund – Organization Structure
SponsorReliance Capital Limited​​​
(CIN: L65910MH1986PLC165645)
Co-SponsorNippon Life Insurance Company
TrusteeReliance Capital Trustee Co. Limited
(CIN : U65910MH1995PLC220528)
Investm​ent Manager / AMCReliance Nippon Life Asset Management Limited ​
(CIN : L65910MH1995PLC220793​​ )​
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Statutory DetailsThe Sponsor, the Trustee and the Investment Manager are incorporated under the Companies Act, 1956 and the Co-sponsor is a mutual company ​registered under the laws of Japan

About Reliance Nippon Life Asset Management Limited

Reliance Nippon Life Asset Management Limited (formerly Reliance Capital Asset Management Limited)​is a​ ​listed public limited company incorporated under the Companies Act, 1956 on February 24, 1995​, having its registered office at

Reliance Centre, 7th Floor, South Wing, Off Western Express Highway,
Santacruz (East), Mumbai – 400055​

and its Corporate Office at

Reliance Centre,
7th Floor South Wing,
Off Western Express Highway,
Santacruz (East), Mumbai – 400 055.

RNAM​ has been appointed as the Asset Management Company (AMC) of Reliance Mutual Fund (RMF) by the Trustees of RMF vide Investment Management Agreement (IMA) dated May 12, 1995 amended on August 12, 1997, January 20, 2004 and February 17, 2011 in line with Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.

Other Activities of RNAM​

RNAM has been registered as a Portfolio Manager vide SEBI Registration Number PM/INP000000423 and the same was last renewed for the period of 3 years with effect from August 1, 2015 till July 31, 2018.​Under this license, RNAM​ is permitted to manage portfolios of its clients in terms of Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993. In addition to this, RNAM renders advisory services to its offshore clients and has an approval to manage and/or advise pooled assets including offshore funds, insurance funds, provident funds and pension funds.

Subsidiaries of RNAM​​

From time to time, RNAM has set up subsidiary companies after seeking the necessary approvals and registrations, as applicable, including that from SEBI. Presently, RNAM​ has the following subsidiaries:



  • ​​ Reliance AIF Management Company Limited for acting as Investment Manager / Advisor of Alternative Investment Funds


  • Reliance Asset Management (Singapore) Pte. Limited, in Singapore
  • Reliance Asset Management (Mauritius) Limited, in Mauritius

RNAM​ has ensured that key personnel of the AMC, the systems, back office, and bank and securities accounts are segregated activity-wise and there exists systems to prohibit access to inside information of various activities. As per SEBI regulations, it will further ensure that the AMC meets the capital adequacy requirements, if any, separately for each such activity.

However, there is no conflict of interest inter​–se between various “other activities”, as being directly or indirectly carried out by RNAM​​.​

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