RNAM is an India based asset management company. Company is promoted by Reliance Capital Limited and Nippon Life.
Reliance Capital is an RBI registered non-banking finance company with business interests in asset management and mutual funds, life, health and general insurance, commercial and home finance, stock broking, wealth management services, and distribution of financial products, asset reconstruction and proprietary investments.
Nippon Life Insurance Company, one of the leading private life insurers in Japan is the co-promoter of the company. Nippon Life offers a wide range of financial products, including individual and group life and annuity policies. Company has assets of over USD 577 billion.
Reliance Nippon Life is involved in managing Mutual funds (including ETFs); Managed accounts, including portfolio management services, alternative investment funds (AIFs) and pension funds; as well as offshore funds and advisory mandates.
The company manages 55 open-ended mutual fund schemes including 16 ETFs and 174 closed ended schemes. Company has a network of 171 branches and over 58,000 distributors including banks, financial institutions, national distributors and independent financial advisors as of June 30, 2017.
The IPO issue was for 6.12 Cr equity shares aggregating up to Rs 1,542.24 Cr. It consisted of a fresh issue of 2.448 Cr equity shares aggregating up to Rs 616.9 Cr and an offer for sale of 3.672cr equity shares aggregating up to Rs 925.3 Cr (based on subscription at the upper band of the IPO).
- Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
- Now Save Rs.3150 on your Demat Account ...Click here
- Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
- Get the most detailed result analysis on the web - Real Fast!
- Actionable & Award-Winning Research on 500 Listed Indian Companies.