Nippon Life India Asset Management Limited

Nippon India Mutual Fund is one of the top asset management companies in India with AUM of Rs. 5,54,711.24 crores (as of Sept 30, 2024). Nippon India Mutual Fund was registered with the SEBI under registration number MF/022/95/1 on June 30, 1995. Earlier, it known as Reliance Mutual Fund (when Japan-based insurer Nippon Life Insurance Company was in a joint venture with Reliance Capital), the name was changed to Nippon India Mutual Fund effective September 28, 2019. Later, Nippon Life increased its stake to 75% in the joint venture. It was the first mutual fund company to be listed on stock exchanges in 2017. NIMF was established to launch various schemes offering units to the public, aiming to contribute to the capital market and provide investors with opportunities to invest in diversified securities.