Private Equity Round in 2017
Reliance Nippon Life Asset Management, now known as Nippon Life Asset Management Limited, is a prominent investment manager based in Mumbai, India, founded in 1995. The firm specializes in launching and managing equity and fixed income mutual funds, as well as exchange-traded funds, catering to a diverse clientele. It actively invests in public equity, fixed income, and commodity markets. The company's ownership structure includes Reliance Capital Limited, which holds a significant portion of its equity, and Nippon Life Insurance Company, which is the majority stakeholder. This strategic partnership enhances its capabilities and offerings in the asset management sector.