How a Japanese makeover is driving Nippon India MF’s growth, rankings

How a Japanese makeover is driving Nippon India MF's growth, rankings

That year, Reliance Mutual Fund (MF) embarked on an organizational restructuring— a journey that ultimately ended with the Japanese insurer Nippon Life Insurance buying out Reliance’s stake in the asset management company (AMC). It was also in 2003 that Sundeep Sikka joined Reliance MF, now known as Nippon India MF, in a senior leadership role. … Read more

AMFI allows distributors to earn trail commission on switched AUM

AMFI allows distributors to earn trail commission on switched AUM

In a best-practices circular released on Tuesday, the Association of Mutual Funds in (AMFI) India said distributors can now earn trail commission on assets under management (AUM) switched to them by investors. Previously, AMCs withheld this commission to discourage unhealthy competition among distributors. However, the industry body has stipulated a cooling-off period of six months. … Read more