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Reliance Nippon Life Asset Management Limited (RNAM) is the asset manager of Nippon India Mutual Fund (NIMF). Reliance Capital Limited and Nippon Life Insurance Company are the promoters of RNAM and currently hold 79.28% 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, Oceania 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. ​

Nippon India Mutual Fund – Organization Structure
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 Trustee and the Investment Manager are incorporated under the Companies Act, 1956 and the Sponsor is a mutual company ​registered under the laws of Japan

About Reliance Nippon Life Asset Management Limited

Reliance Nippon Life 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 Nippon India Mutual Fund (NIMF) by the Trustees of NIMF vide Investment Management Agreement (IMA) dated May 12, 1995 amended on August 12, 1997, January 20, 2004, February 17, 2011 and December 10, 2018 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 INP000000423. Prior to the SEBI (Change in Conditions of Registration of Certain Intermediaries)(Amendment) Regulations, 2016, the certificate of registration was valid for a period of three years from the date of its issue. After the amendment, the certificate of registration is valid till it has been suspended or cancelled by SEBI. Under this license, RNAM is managing portfolio of its clients in terms of Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993. In addition to this, RNAM also renders advisory services to its offshore clients and an approval to manage and / or advise pooled assets including offshore funds, Insurance funds, provident funds is in place.

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


  • Nippon Life India Asset Management (Singapore) Pte. Ltd., 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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