Reliance Mutual Fund

Mumbai, India Founded: 1995 • Age: 31 yrs Listed Acquired By Nippon Life Insurance
Equity and fixed income mutual funds are managed for investors.

About Reliance Mutual Fund

Reliance Mutual Fund is a Financial Services company based in Mumbai (India) founded in 1995, and was acquired by Nippon Life Insurance in October 2019. Equity and fixed income mutual funds are managed for investors. The company has 1 employees. Its Indian entity Nippon Life India Trustee Limited reported revenue of β‚Ή2.89 Cr. Its focus areas include Asset Management and Mutual Funds. Its competitors include HDFC Mutual Fund, SBI Mutual Fund and DSP Mutual Fund.

Company details

Established in 1995 in Mumbai, India, Reliance Mutual Fund operates as a subsidiary of Reliance Capital Limited within the asset management sector. Equity and fixed income mutual funds are handled, along with exchange-traded funds. Investments are directed toward public equity markets. Average assets under management stand at Rs. 1,01,577 Crores, supported by over 66.71 Lakh investor folios.

Operational Areas
Key Metrics
  • Annual Revenue
    ₹2.89 Cr

    FY 2025 · +28% YoY

  • Net Profit
    ₹93.6 Lakh

    FY 2025 · 32% margin

  • EBITDA
    ₹1.27 Cr

    FY 2025 · 44% margin

  • Investors
  • Employee Count
    1
  • Acquired by
    Nippon Life Insurance

    & 1 more

    (Oct 2019)

Investors in Reliance Mutual Fund

Reliance Mutual Fund has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Nippon Life Insurance and LCCG.

All
Institutional
InvestorDescriptionFounded YearDomainLocation
Life insurance company
1889nissay.co.jpOsaka, Japan
lccgl.co.uk
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Investor details for Reliance Mutual Fund

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Board of directors of Nippon Life India Trustee Limited (Reliance Mutual Fund)

Nippon Life India Trustee Limited is the primary company behind Reliance Mutual Fund. The boards of the 3 registered companies of Reliance Mutual Fund currently have 17 directors; the longest-serving is Lav Ramji Chaturvedi, appointed in 2010. 87 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Lav Ramji Chaturvedi
DIN 02859336
Director26 Oct 201016 yrsReliance Financial Limited
Homai Ardeshir Darwalla
DIN 00365880
Director13 Apr 201610 yrs 6 moReliance Financial Limited
Sundeep Sikka
DIN 02553654
Whole-time director22 Apr 201610 yrs 6 moNippon Life India Asset Management Limited
Vijay Kumar Chopra
DIN 02103940
Director29 Nov 20196 yrs 11 moNippon Life India Trustee Limited
Upendra Vishwanath Joshi
DIN 02448894
Director16 Dec 20196 yrs 10 moNippon Life India Trustee Limited
Ashvin Dhirajlal Parekh
DIN 06559989
Director01 Aug 20206 yrs 3 moNippon Life India Asset Management Limited
Nilesh Shivji Vikamsey
DIN 00031213
Director17 Oct 20206 yrsNippon Life India Trustee Limited
Balasubramanyam Sriram
DIN 02993708
Director15 Mar 20215 yrs 7 moNippon Life India Asset Management Limited
Minoru Kimura
DIN 07497568
Director21 Apr 20224 yrs 6 moNippon Life India Asset Management Limited
Hiroki Yamauchi
DIN 08813007
Director25 Apr 20233 yrs 6 moNippon Life India Asset Management Limited
Upendra Kumar Sinha
DIN 00010336
Director01 May 20233 yrs 6 moNippon Life India Asset Management Limited
Takayuki Murai
DIN 07789455
Director29 Jun 20233 yrs 4 moNippon Life India Trustee Limited
Chetan Rameshchandra Desai
DIN 03595319
Director28 Aug 20242 yrs 2 moNippon Life India Trustee Limited
Sonu Halan Bhasin
DIN 02872234
Director23 Mar 20251 yr 7 moNippon Life India Asset Management Limited
Soma Sankara Prasad
DIN 02966311
Additional Director15 Oct 20251 yrNippon Life India Trustee Limited
Sushilkumar Agrawal
DIN 00400892
Additional Director15 Nov 202511 moReliance Financial Limited
Hironao Kunita
DIN 11679042
Additional Director27 Apr 20266 moNippon Life India Asset Management Limited

People of Reliance Mutual Fund

11 people are tracked at Reliance Mutual Fund (1 in leadership, 5 in board & advisors, 5 in team); the tracked headcount is 1.

NameRoleGroup
CEO & Executive DirectorLeadership
Kazuyuki Saigo
DirectorBoard & advisors
Akira Shibata
DirectorBoard & advisors
Ved Prakash Malik
DirectorBoard & advisors
DirectorBoard & advisors
Ameeta Chatterjee
DirectorBoard & advisors
Manish Gunwani
CIO, Equity InvestmentsTeam
Amit Tripathi
CIO, Fixed Income InvestmentsTeam
Rohit Shah
Equity DealerTeam
Hardik Shah
Fund Manager - Fixed IncomeTeam
Sohan Debnath
Manager MIS & AnalyticsTeam
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Financials of Reliance Mutual Fund

Figures of Nippon Life India Trustee Limited, the primary company behind Reliance Mutual Fund, for FY 2025. Revenue was ₹2.89 Cr (+28% year on year). Net profit was ₹93.6 Lakh (32% margin). EBITDA was ₹1.27 Cr (44% margin). Revenue has grown at a compounded annual rate of +26% over three years and +26% over five years.

  • ₹2.89 CrRevenue · FY 2025 · +28% YoY
  • ₹93.6 LakhNet profit · 32% margin
  • ₹1.27 CrEBITDA · 44% margin
  • ₹5.1 LakhPaid-up capital
  • 1Employees (provident fund records)
  • +26%Revenue CAGR, 3 years
  • +26%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Nippon Life India Trustee Limited are on its company page.

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Detailed financial statements for Reliance Mutual Fund

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Timeline of Reliance Mutual Fund

4 dated milestones of Reliance Mutual Fund across 24 years, from founding to its latest funding, stage changes and deals.

  1. Founded Reliance Mutual Fund is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Exit Acquired by LCCG.
  4. Exit Acquired by Nippon Life Insurance.

Competitors of Reliance Mutual Fund

Reliance Mutual Fund has 3 listed competitors in our database. They include HDFC Mutual Fund, SBI Mutual Fund and DSP Mutual Fund.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
hdfcfund.com1999Mumbai, India1,634
Mutual fund services are provided with focus on investment management.
sbimf.com1987Mumbai, India1,555
Provides mutual funds management and financial advisory services.
dspim.com1996Mumbai, India508
Delivers comprehensive investment management services for funds.
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Detailed competitors of Reliance Mutual Fund

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Web traffic of Reliance Mutual Fund

Websites that share an audience with Reliance Mutual Fund (reliancemutual.com).

Similar websites

Websites whose visitors overlap most with Reliance Mutual Fund. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
sbimf.com
100%
1.7M#32,811View details
hdfcfund.com
100%
1.6M#37,449View details
tatamutualfund.com
99%
#77,126View details
lntmf.com
99%
View details
icicipruamc.com
95%
1.2M#47,186View details
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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Top companies in Asset Management

3 companies that operate in the same segment as Reliance Mutual Fund (Asset Management) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Provides mutual funds management and financial advisory services.
1987Mumbai, Maharashtra, India
Mutual funds, portfolio management, and retirement planning services are offered.
2001Mumbai, Maharashtra, IndiaUSD 142.4 MUSD 180.76 M1,840
Online platform for stock trading, mutual funds, and investment tools.
1994Mumbai, Maharashtra, India
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Related news about Reliance Mutual Fund

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Frequently Asked Questions about Reliance Mutual Fund

Reliance Mutual Fund was founded in 1995.

Reliance Mutual Fund is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Reliance Mutual Fund has 1 employees.

The primary company behind Reliance Mutual Fund, Nippon Life India Trustee Limited, reported revenue of β‚Ή2.89 Cr for FY 2025, up 28% year on year.

Established in 1995 in Mumbai, India, Reliance Mutual Fund operates as a subsidiary of Reliance Capital Limited within the asset management sector. Equity and fixed income mutual funds are handled, along with exchange-traded funds. Investments are directed toward public equity markets. Average assets under management stand at Rs. 1,01,577 Crores, supported by over 66.71 Lakh investor folios.

Reliance Mutual Fund's top competitors include SBI Mutual Fund, HDFC Mutual Fund and DSP Mutual Fund.

Reliance Mutual Fund has 2 investors. Key investors include Nippon Life Insurance, and LCCG.

Reliance Mutual Fund is associated with 3 legal entities: Nippon Life India Trustee Limited, Reliance Financial Limited, Nippon Life India Asset Management Limited.

Yes. Reliance Mutual Fund was acquired by Nippon Life Insurance in October 2019.

The legal entities of Reliance Mutual Fund currently have 22 directors, including Takayuki Murai, Vijay Kumar Chopra, Nilesh Shivji Vikamsey and others.

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