Reliance Capital Current Affairs, GK & News

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 ..


Implications of 26% FDI in Pension Sector

Recently, the Cabinet has approved changes in the Pension Fund Regulatory and Development Authority (PFRDA) Bill, which will also pave the way for 26% foreign investment in pension fund management companies. What is PFRDA Bill? PFRDA was set up as a regulatory body for the pension sector, but the current PFRDA is the Interim PFRDA ..