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Nippon Life completes acquisition to buy 14% in Reliance MF

Japanese financial services giant Nippon Life has completed acquisition of additional 14 percent stake in Reliance Capital Asset Management (RCAM) for Rs 1,200 crore, raising its holding to 49 percent.

Nippon Life-Reliance Capital deal gets Sebi approval

Japanese financial services giant Nippon Life has got markets regulator Sebi's nod for raising its stake in Reliance Mutual Fund to 49 per cent, completing the regulatory approval process for the deal.

Reliance MF eyes more acquisitions after Goldman Sachs buy

After acquiring Goldman Sachs' India mutual fund business, top fund house Reliance Capital Asset Management (RCAM) is looking for more acquisitions in this highly-fragmented market.

Mutual funds bullish on EPFO move to invest in equity funds

The government's decision to allow Employees' Provident Fund Organisation (EPFO) invest 5 percent of its Rs 1 trillion investible fund in exchange traded equity funds has made mutual fund houses bullish about launching retirement equity funds, industry officials said.

India's mutual funds base to top $325 bn by 2018: RCAM's Sikka

Riding on the overall positive mood on the Indian economy, the asset base of the mutual fund industry in the country is set to grow faster at 18.6 percent per annum to top Rs.20 lakh crore ($325 billion) by 2018, says a top industry expert.

Reliance MF ropes in Samsung AMC for strategic alliance

Top fund house Reliance Capital Asset Management Company on Friday roped in the largest Korean asset management firm Samsung AMC for a strategic alliance, which will allow the two companies to manage, market and distribute each other's investment products in India and South Korea.

Nippon Life hikes stake in Reliance MF to 35 percent

Japanese financial services giant Nippon Life has completed its acquisition of 9 percent additional stake in Reliance Capital Asset Management (RCAM) for Rs 657 crore, taking its total equity to 35 percent.

Reliance MF gets regulatory approvals for Nippon deal

Leading mutual fund house Reliance Capital Asset Management (RCAM) today said it has completed the regulatory clearance process for sale of additional stake to Japan's Nippon Life, following approvals of CCI and EPFO.

Nippon-Reliance Capital Asset Management deal gets CCI nod

Nippon-Reliance Capital Asset Management deal gets CCI nod

Competition Commission has approved Japanese financial services giant Nippon's proposed deal to hike its stake in India's top fund house Reliance Mutual Fund to 49 percent in multiple tranches.

Reliance MF closed-ended equity fund gets record Rs 1,000 cr

Reliance MF closed-ended equity fund gets record Rs 1,000 cr

In a record collection of funds, a closed-ended equity fund of Reliance Capital Asset Management has garnered Rs 1,000 crore from investors.

Reliance Growth Fund touches a net asset value of Rs 600

Reliance Capital Asset Management's open-ended equity growth scheme, Reliance Growth Fund, has achieved a net asset value (NAV) of Rs 600.

RCAM profit rises 22% in 2013-14

The company`s income from its operations rose by five percent to Rs 775 crore in fiscal 2013-14 as compared to Rs 735 crore a year ago.

Reliance MF full-year profit up 22% at Rs 352 cr

Reliance Capital Asset Management Company, which runs leading fund house Reliance Mutual Fund, has posted 22 percent growth in profit at Rs 352 crore for the financial year 2013-14.

Reliance Capital launches investor awareness prog for students

The programme is exclusively designed for students in colleges and educational institutes across the country.

RCAM's assets under management rises by Rs 7,000 cr in Apr-Jun

During the first quarter of this fiscal year, the company registered 21 percent increase in its average AUM in mutual funds at Rs 97,771 crore.

RCAM to reach out to investors in semi-urban and rural areas

The company, which has been conducting awareness drive through its learning academy EDGE since 2010, has already educated two lakh investors through its awareness programme across 327 locations in 18 cities, a company official said.

RCAM crosses 2 lakh mark in investor awareness programme

Reliance Capital Asset Management (RCAM) Monday said it has crossed two lakh mark in its investor awareness programme and plans to reach out to as many as five lakh investors in next three years.

Reliance AMC's Singapore arm crosses $one-billion AUM

On the back of crossing the USD one-billion Assets Under Management (AUM) mark by its Singapore subsidiary, Reliance Capital Asset Management on Friday said it plans to double its global assets portfolio in the next three years.

Reliance Growth Fund touches a net asset value of Rs 500

Reliance Capital Asset Management, a part of Reliance Capital, Wednesday said its open-ended equity growth scheme, Reliance Growth Fund, has achieved a net asset value (NAV) of Rs 500.

Reliance launches investment plan for risk profile

In a bid to tap new entrants and middle-income investors, Reliance Capital Asset Management Sunday announced a new systematic investment plan to suit an individual's risk profile.