Reliance renamed as Nippon India Mutual Fund (NIMF)
The Reliance Mutual Fund has been renamed as Nippon India Mutual Fund (NIMF). The name change came after Nippon Life Insurance of Japan completed the acquisition of 75% stake in Reliance Nippon Life Asset Management from Reliance Capital. Nippon Life is Japan’s largest life insurance company and a global financial services conglomerate. It manages assets worth over $700 billion.
Originally written on
October 10, 2019
and last modified on
October 10, 2019.
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