Aditya Birla Sun Life Retirement Fund: Should You Invest?
Aditya Birla Sun Life (ABSL) Mutual Fund (MF) has also launched a retirement scheme, closely following the launch of a similar scheme by ICICI Prudential MF. ABSL Retirement Fund is an open-ended retirement solutions-oriented scheme, coming in four variants, with a lock-in period of five years or retirement age, whichever is earlier. The new offer period for investing has already commenced...
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital Access

Subscribe

Moneylife Magazine Subscriber or MAS member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
Reliance Capital Invites Nippon Life to Buy its Entire 42.88% Stake in Mutual Fund Business
Reliance Capital Ltd has invited Japanese Nippon Life Insurance Co Ltd to acquire its entire 42.88% stake in the mutual fund business. Both Reliance Capital and Nippon Life hold equal stake in the mutual fund business in India. 
 
In a regulatory filing, Reliance Capital, while responding to media queries, says, "Reliance Capital has invited its partner, Nippon Life to make an offer to acquire up to 42.88% stake held by Reliance Capital in Reliance Nippon Life Asset Management Ltd (RNAM)."
 
Both Reliance Capital and Nippon Life Insurance hold 42.88% stake each in RNAM. 
 
RNAM is the asset manager of Reliance Mutual Fund (RMF) schemes. RMF has a pan India presence across 298 locations and over 71,100 empanelled distributors.
 
At 2.50pm Thursday, Reliance Capital was trading 9% up at Rs157.95 while RNAM was trading 20% higher at Rs187.05 on the BSE. The 30-share Sensex was marginally up at 35,923 at that time.  
Like this story? Get our top stories by email.

User

The Tide Has Turned: Declining Investments, Increasing Redemptions in Equity MF Schemes
Markets move in cycles. The Indian stock markets had been stagnating between early-2011 and late-2013. Then, over the calendar years 2014 to 2017, they have been on a run, especially after Narendra Modi became the prime minister, in May 2014. 
 
In every cycle, mutual fund (MF) investors are late to come in to buy and late to sell. This time, too, they jumped into equity MF schemes...
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital Access

Subscribe

Moneylife Magazine Subscriber or MAS member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

online financial advisory
Pathbreakers
Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
online financia advisory
The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Online Magazine
Fiercely independent and pro-consumer information on personal finance
financial magazines online
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
financial magazines in india
MAS: Complete Online Financial Advisory
(Includes Moneylife Online Magazine)