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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.

Five MFs to discontinue 190 schemes to comply with SEBI rules

Five mutual funds, including leading players including Reliance and ICICI Prudential MF, Wednesday listed out a total of 190 schemes that would be discontinued for fresh SIP investments to comply with SEBI guidelines.

Nippon Life to buy 26% in RCap AM for $290 mn

Japan's Nippon Life Insurance Co's 26 percent stake acquisition in Reliance Capital Asset Management for Rs 1,450 crore (USD 290 million) is seen as the biggest foreign direct investment in the Indian mutual funds space.

After life insurance, RCap eyes more strategic deals: Analysts

Close on the heels of completing a stake sale in life insurance venture, Reliance Capital plans to strike more strategic deals for sale of equity in other businesses, including mutual funds and general insurance.

Reliance Mutual looking for foreign partners to go global

Reliance Capital Asset Management (RCAM) is looking for a foreign partner like Japanese Nippon Life Insurance to facilitate its mission of going global and is also in talks with overseas distributors for selling its products, a top company official said.