Nippon Life controls Nippon Life India Asset Management, the listed company that manages Nippon India Mutual Fund. The Mumbai based asset manager runs mutual funds, managed accounts and offshore funds and distributes them through a national branch network.
Ownership and structure
Nippon Life is the promoter and majority shareholder of Nippon Life India Asset Management, a listed company, with a 71.72 percent stake as of September 30, 2026. Nippon Life India Asset Management Limited is listed on the NSE and BSE under the symbol NAM-INDIA.
What India does for Nippon Life
India is an asset management market for Nippon Life through a listed fund house with about Rs 5.24 lakh crore under management as of March 2024.
Investment and deals
In 2019 Nippon Life agreed to raise its stake in the asset manager from 42.88 percent to 75 percent for JPY 72.8 billion, after buying an initial 26 percent for Rs 1,450 crore in 2012.
Nippon Life's India business
Nippon Life first invested in the business in 2012 by buying a 26% stake from Reliance Capital. In 2019 it agreed to raise its stake from 42.88% to 75% for about JPY 72.8 billion.
Nippon Life held 72.9% of the listed asset manager as of 31 March 2024. The company had total assets under management of about Rs 5.24 lakh crore and 263 offices and touchpoints across India as of March 2024.
Key moves in India
- 1995: The asset management company was incorporated on February 24.
- 2012: Nippon Life bought a 26 percent stake from Reliance Capital for Rs 1,450 crore.
- 2015: Nippon Life raised its stake to 35 percent for Rs 657 crore.
- 2017: Reliance Nippon Life Asset Management listed on the NSE and BSE.
- 2019: Nippon Life agreed to raise its stake to 75 percent for JPY 72.8 billion as Reliance Capital exited.
- 2020: The company was renamed Nippon Life India Asset Management on January 13.
Where it operates
Nippon Life runs its India business from Mumbai.
At a glance
- Home country: Japan
- Global headquarters: Osaka
- Sector: Banking & Financial Services
- Business: Asset management
- Role of India: Sales market, Financial services franchise
- India entity: Nippon Life India Asset Management Limited
- Listed in India: Nippon Life India Asset Management Limited (NAM-INDIA)
- India head office: Mumbai
- India offices: Mumbai
- India headcount: 1,004 (2024)
- In India since: 2012
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