Recently, Reliance Mutual Fund became associated with Nipon Life Insurance. Will this affect the performance of Reliance’s funds in any way, particularly Reliance Growth fund?
Anil
Nipon Life Insurance has bought 26 per cent stake in Reliance Asset Management Company, but we don’t expect this association to have any major impact. A foreign stakeholder will affect the operational management of Reliance. The company has been able to de-risk with the infusion of this Japanese money. But this will not have any effect on investors of Reliance’s mutual funds.
This article was originally published on January 31, 2012.
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