RNAM

It was initially incorporated as ‘Reliance Capital Asset Management Limited,’ a public limited company under the Companies Act, 1956, with a certificate of incorporation issued by the RoC Gujarat as on February 24, 1995, at Ahmedabad. Soon, it also received a certificate for commencement of business on March 20, 1995, from the RoC Gujarat. Also, with the terms of the Second Amended & Restated Shareholders’ Agreement dated October 13, 2015, executed amongst the Company, Reliance Capital and Nippon Life, the company name was changed to ‘Reliance Nippon Life Asset Management Limited’ and a fresh certificate of incorporation was being issued by the Registrar of Companies, Mumbai as on May 5, 2016.

Some of the Achievements:

• 2016:
• It was awarded the AON Best Employer Award.
• It was recognized as one of the best BFSI brands of 2016 by the Economic Times.
• It was ranked 3 in the Asian Local Currency Bonds category, at the Asset Benchmark Research Awards.
• It was awarded the ‘Best Disruptive Tech Solution/ Product of the Year – Automation’ award during the Disruptive Tech and Innovation Awards, 2016.
• 2017:
• It was awarded the ‘Silver Stevie Award’ in the ‘Innovation in Customer Service - Financial Services Industries’ category.
• Acquisitions International awarded it the ‘Most Innovative Mutual Fund’ award.

Some of the Milestones:

• 1995:
• It received the approval to act as the asset management company to the Reliance Mutual Fund, then known as Reliance Capital Mutual Fund.
• Also, the Reliance Growth Fund and Reliance Vision Fund schemes launched by the Reliance Mutual Fund, with the Company acting as the asset management company.
• 2004:
• It commenced portfolio management services.
• It commenced offshore operations in Mauritius by setting up a wholly-owned subsidiary, Reliance Asset Management (Mauritius) Limited.
• 2005: It commenced offshore operations in Singapore by setting up a wholly-owned subsidiary, Reliance Asset Management (Singapore) Pte Limited.
• 2008: It executed a contract to offer discretionary portfolio management services to the Employees’ -Provident Fund Organisation (acting through its Central Board of Trustees).
• 2012: It received the first tranche of investment from Nippon Life.
• 2014:
• The Subsidiary, Reliance AIF Management Company Limited, was appointed as the ‘manager’ to the Reliance Capital AIF Trust.
• Also, Reliance Japan Equity Fund, a Japan-focused open-ended diversified equity scheme launched by Reliance Mutual Fund, along with the Company acting as the asset management company.
• 2015:
• It entered into an Investor Advisory Agreement with Samsung Asset Management (Hong Kong) Limited.
• The Equity-oriented Retirement Fund launched by Reliance Mutual Fund, along with the Company acting as the asset management company.
• Also, the QAAUM (or Reliance Mutual Fund) crossed INR 1,500,000 million.
• 2016:
• It acquired the asset management rights of 12 schemes being managed by Goldman Sachs Asset Management (India) Private Limited.
• It launched the ‘Simply Save’ app and Instant Redemption facility.
• It executed a contract to provide discretionary portfolio management services to the Coal Mines Provident Fund Organization (acting via its Board of Trustees).
• The Subsidiary, Reliance AIF Management Company Limited, was appointed as the ‘manager’ to the Reliance Event Opportunities Trust.
• 2017: QAAUM (Reliance Mutual Fund) crossed INR 2,000,000 million.