Both AMC stocks declined in the past two weeks as inflows into equity have fallen drastically.

Analysts now expect returns from the stock to moderate after a steep rally.

Nippon Mutual Fund also saw a rise in the digital purchase transactions by 54% to 3.69 lakh. Digital contributes around 45% of new purchase...

Earlier, on September 4, the court had restrained DHFL from paying dues to any lender until October

Nippon India Mutual Fund becomes the largest foreign-owned AMC in India.

RNAM will continue to remain a public limited company after the open offer.

Analysts at CLSA said equity AUMs form 40 per cent of total funds.

The IPO received bids for 1,25,60,62,470 shares against the issue size of 1,88,04,290 shares.

HDFC AMC is selling 4.08% stake in the IPO, while Standard Life will offload 7.95% holding.

Reliance Nippon Life Asset Management (RNAM) will consider its first interim dividend post listing at its board meeting next week.

RNAM today posted a 25 per cent surge in net profit to Rs 122 crore for the three months ended September of the current fiscal.

Reliance Nippon Life Asset Management Company said it will earmark Rs 165 crore for inorganic growth including acquisition of mutual fund c...

Reliance Nippon is the third largest asset management company in India.

It expects to raise Rs 1,500-2,000 crore through RGIC IPO as value unlocking measures.

Reliance Capital AMC (Asset Management Company) had overtaken HDFC AMC as the country's most profitable fund house during the previous fisc...

It is a decent deal and it is more than just selling the stake because Reliance Capital also sold its 26% stake in Reliance Life to Nippon....

Shares of Reliance Cap surged over 5% after reports suggested that Nippon Life Insurance Co plans to invest about Rs 1350 cr in Reliance Ca...