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 βΉ2.89 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.
- Headquarters Mumbai, India
- Employees 1
- Stage Acquired
- SectorsFinancial Services
- Website reliancemutual.com
- Social LinkedIn X
- Acquired by Nippon Life Insurance (Oct 2019)
- Legal Name Nippon Life India Trustee Limited
- Date of Incorporation 01 Mar, 1995
- Jurisdiction Mumbai, Maharashtra, India
- 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
- InvestorsNippon Life Insurance
& 1 more
- Employee Count1
- Acquired by
Associated legal entities of Reliance Mutual Fund
Reliance Mutual Fund is associated with 3 registered companies on The Company Check; the primary company is Nippon Life India Trustee Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nippon Life India Trustee Limited CIN U65910MH1995PLC220528 | Active | 01 Mar 1995 | Mumbai, Maharashtra | ₹2.9 Cr | 1 | 7 | View details |
| Reliance Financial Limited CIN U65990MH2005PLC155675 | Active | 26 Aug 2005 | Mumbai, Maharashtra | ₹17.1 Cr | 5 | View details | |
| Nippon Life India Asset Management Limited Listed CIN L65910MH1995PLC220793 | Active | 24 Feb 1995 | Mumbai, Maharashtra | ₹2,933 Cr | 969 | 11 | View details |
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Life insurance company | 1889 | nissay.co.jp | Osaka, Japan | |
| lccgl.co.uk |
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.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Lav Ramji Chaturvedi DIN 02859336 | Director | 26 Oct 2010 | 16 yrs | Reliance Financial Limited |
| Homai Ardeshir Darwalla DIN 00365880 | Director | 13 Apr 2016 | 10 yrs 6 mo | Reliance Financial Limited |
| Sundeep Sikka DIN 02553654 | Whole-time director | 22 Apr 2016 | 10 yrs 6 mo | Nippon Life India Asset Management Limited |
| Vijay Kumar Chopra DIN 02103940 | Director | 29 Nov 2019 | 6 yrs 11 mo | Nippon Life India Trustee Limited |
| Upendra Vishwanath Joshi DIN 02448894 | Director | 16 Dec 2019 | 6 yrs 10 mo | Nippon Life India Trustee Limited |
| Ashvin Dhirajlal Parekh DIN 06559989 | Director | 01 Aug 2020 | 6 yrs 3 mo | Nippon Life India Asset Management Limited |
| Nilesh Shivji Vikamsey DIN 00031213 | Director | 17 Oct 2020 | 6 yrs | Nippon Life India Trustee Limited |
| Balasubramanyam Sriram DIN 02993708 | Director | 15 Mar 2021 | 5 yrs 7 mo | Nippon Life India Asset Management Limited |
| Minoru Kimura DIN 07497568 | Director | 21 Apr 2022 | 4 yrs 6 mo | Nippon Life India Asset Management Limited |
| Hiroki Yamauchi DIN 08813007 | Director | 25 Apr 2023 | 3 yrs 6 mo | Nippon Life India Asset Management Limited |
| Upendra Kumar Sinha DIN 00010336 | Director | 01 May 2023 | 3 yrs 6 mo | Nippon Life India Asset Management Limited |
| Takayuki Murai DIN 07789455 | Director | 29 Jun 2023 | 3 yrs 4 mo | Nippon Life India Trustee Limited |
| Chetan Rameshchandra Desai DIN 03595319 | Director | 28 Aug 2024 | 2 yrs 2 mo | Nippon Life India Trustee Limited |
| Sonu Halan Bhasin DIN 02872234 | Director | 23 Mar 2025 | 1 yr 7 mo | Nippon Life India Asset Management Limited |
| Soma Sankara Prasad DIN 02966311 | Additional Director | 15 Oct 2025 | 1 yr | Nippon Life India Trustee Limited |
| Sushilkumar Agrawal DIN 00400892 | Additional Director | 15 Nov 2025 | 11 mo | Reliance Financial Limited |
| Hironao Kunita DIN 11679042 | Additional Director | 27 Apr 2026 | 6 mo | Nippon 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.
| Name | Role | Group |
|---|---|---|
| CEO & Executive Director | Leadership | |
Kazuyuki Saigo | Director | Board & advisors |
Akira Shibata | Director | Board & advisors |
Ved Prakash Malik | Director | Board & advisors |
| Director | Board & advisors | |
Ameeta Chatterjee | Director | Board & advisors |
Manish Gunwani | CIO, Equity Investments | Team |
Amit Tripathi | CIO, Fixed Income Investments | Team |
Rohit Shah | Equity Dealer | Team |
Hardik Shah | Fund Manager - Fixed Income | Team |
Sohan Debnath | Manager MIS & Analytics | Team |
Complete people profiles for Reliance Mutual Fund
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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.
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.
- Founded Reliance Mutual Fund is founded.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by LCCG.
- 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 Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hdfcfund.com | 1999 | Mumbai, India | 1,634 | Mutual fund services are provided with focus on investment management. | ||
| sbimf.com | 1987 | Mumbai, India | 1,555 | Provides mutual funds management and financial advisory services. | ||
| dspim.com | 1996 | Mumbai, India | 508 | Delivers comprehensive investment management services for funds. |
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).
Websites whose visitors overlap most with Reliance Mutual Fund. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| sbimf.com | 100% | 1.7M | #32,811 | View details | |
| hdfcfund.com | 100% | 1.6M | #37,449 | View details | |
| tatamutualfund.com | 99% | #77,126 | View details | ||
| lntmf.com | 99% | View details | |||
| icicipruamc.com | 95% | 1.2M | #47,186 | View details | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 27 similar websites and full traffic analytics for Reliance Mutual Fund
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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.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provides mutual funds management and financial advisory services. | 1987 | Mumbai, Maharashtra, India | ||||
Mutual funds, portfolio management, and retirement planning services are offered. | 2001 | Mumbai, Maharashtra, India | USD 142.4 M | USD 180.76 M | 1,840 | |
Online platform for stock trading, mutual funds, and investment tools. | 1994 | Mumbai, 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 βΉ2.89 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.

