Raymond Lifestyle Limited
Nippon India Mutual Fund is no longer listed as a major shareholder in Raymond Lifestyle Limited, meaning the fund either exited completely or reduced its previous 1.46 percent stake below the 1 percent reporting threshold.
A fashion and textile company offering branded apparel and clothing products across formal, casual, and ethnic wear segments. Raymond Lifestyle Limited operates through multiple proprietary brands, serving the Indian consumer market with ready-to-wear garments and related fashion services. The company focuses on branded textile solutions designed for diverse consumer preferences and market segments across the country.
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.