Reliance Mutual Fund (RMF) has been sponsored by Reliance Capital Limited (RCL) and Nippon Life Insurance Company (NLI)
RELIANCE CAPITAL LIMITED
Registered Office: H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai - 400 710.
RCL is sponsor & settler of RMF. RCL is a 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 and other activities in the banking and financial services sector.
RCL has contributed
`1 lakh as the initial contribution to the corpus for setting up RMF.
NIPPON LIFE INSURANCE COMPANY
Office: 3-5-12, Imabashi, Chuo-ku, Osaka 541-8501, Japan.
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.
As sponsors, RCL and NLI are responsible for discharging its functions and responsibilities towards the Fund in accordance with the Securities and Exchange Board of India (Mutual Fund) Regulations, 1996.
The Sponsors i.e. RCL and NLI, are not responsible or liable for any loss resulting from the operation of the Scheme beyond the contribution of an amount of
`1 Lakh, which has been made by RCL towards the initial corpus for setting up the Fund and such other accretions and additions to the corpus.