Nippon India Mutual Fund increased its stake in Aditya Birla Sun Life AMC Limited from 3.26% to 3.63%, buying 10,70,741 shares.
A joint venture between Aditya Birla Capital and Sun Life AMC, this asset management company provides mutual fund solutions, portfolio management services, and real estate investment offerings to retail and institutional clients. Established in 1994, it operates across domestic and international markets, delivering diversified investment products and wealth management solutions tailored to various investor segments, risk profiles, and financial objectives.
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.
