Question

Reliance Mutual Fund has been renamed as Nippon India Mutual Fund following the purchase of 75% stake in Reliance Nippon Life Asset Management by Nippon Life Insurance. Nippon is the company of which country?
1. France
2. Russia
3. USA
4. Germany
5. Japan

Answer 1

Correct Answer - Option 5 : Japan

The correct answer is option 5 i.e Japan

• Reliance Mutual Fund has been renamed as Nippon India Mutual Fund (NIMF).
• The organization was renamed following the purchase of 75% stake in Reliance Nippon Life Asset Management by Nippon Life Insurance.
• Nippon India Mutual Fund has become the largest foreign-owned Asset Management Company in India.
• Sundeep Sikka will continue to lead the company as the CEO.