The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Featured

Reliance Mutual Fund renamed to Nippon India Mutual Fun

by TLN Team October 13, 2019October 14, 2019
written by TLN Team October 13, 2019October 14, 2019
Reliance Mutual Fund renamed to Nippon India Mutual Fun

Mumbai: Reliance Mutual Fund got renamed as Nippon India Mutual Fund. Nippon Life Insurance had recently completed the purchase of 75% stake in company to become the single largest shareholder in the company. This will also help Nippon India Mutual Fund to leverage on the legacy and global expertise of Nippon Life Insurance.

This has been one of the largest FDI investments in the financial sector, and now, Nippon India Mutual Fund is the largest foreign-owned Asset Management Company in India.

Sundeep Sikka continues to lead company with same management team. This reflects Nippon Life Insurance trust and confidence in the team that has steered in its growth journey to be amongst one of the largest Mutual Funds in India.

Mr. Hiroshi Shimizu, President, Nippon Life Insurance Company said “Indian Asset Management space is quite attractive and has a long-term growth potential which is in line with our goals. We believe that the core management team and the entire team at Nippon India Mutual Fund will be key driver in the growth story.”

In Japan, about 1 out of 12 is a policy holder of Nippon Life Insurance and they have similar vision in India for their mutual fund business.

Speaking on occasion, Mr. Sundeep Sikka, CEO of Nippon India Mutual Fund said “While the company starts its journey with its new identity, the management team remains committed to take it to next level of growth with the support of our investors and stakeholders. It has always been a great opportunity to work with Nippon Life, who have always held the investor’s interests in mind.

Nippon Life Insurance have been an extremely supportive shareholder for last 7 years and this transaction would set the stage for the long-term growth of the company”. He also added saying, “Company will continue its focus to increase market share and increase in profitability”.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
5 Reasons why MTV Hustle Finale will be Bohat Hard!
next post
Cumulonimbus cloud delays four Mumbai-Nagpur flights

You may also like

Varanium Cloud Ltd’s Rs. 49.46 crores Rights Issue to open on September 28,

September 26, 2023

IndianOil Grand Prix of India- MotoGP Bharat 2023-...

September 25, 2023

Cricket Australia selects HCLTech to accelerate digital transformation

September 25, 2023

Quiz Master 2023 Phase 1: A Resounding Success...

September 25, 2023

What Is Pin Up Casino 77: the Gaming...

September 25, 2023

MobilTM Celebrates the First-ever MotoGP™ Bharat by PoweringRed Bull KTM Factory Racing Team

September 24, 2023

NephroPlus Hosts Their Flagship Initiative ‘Aashayein’ for Dialysis Patients in Nagpur

September 22, 2023

Nissan Announces Exclusive Festive Offers for Ganesh Chaturthi...

September 22, 2023

Utkarsh Small Finance Bank Leads the Way with Interoperable Cardless Cash...

September 22, 2023

Patient safety week 2023 is being observed by...

September 21, 2023

Trending News

  • Heavy Rain – Alert by NMC

    September 23, 2023
  • Holiday announced for schools & colleges in Nagpur district

    September 23, 2023
  • DCM Devendra Fadnavis is continuously monitoring the heavy rain situation in Nagpur.

    September 23, 2023
  • Streets, Houses Submerged After Heavy Rain In Nagpur

    September 23, 2023
  • National Cinema Day will allow viewers to watch movies for Rs99 per admission

    September 22, 2023

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.