Nippon India Mutual Fund increased its stake in Niva Bupa Health Insurance Company Limited from 2.52% to 3.05%. The fund acquired 98,76,051 shares, raising its holding to 5,65,00,318 shares.
A tech-driven health insurance company operating across India, Niva Bupa Health Insurance provides comprehensive coverage for individuals, families, and corporate clients through digital-first platforms. The company combines advanced technology with traditional insurance services to deliver health protection products and claims management solutions. Established in 2008, it operates as a general insurer focused primarily on the health insurance segment in the Indian market.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.
