News for Reliance Mutual Fund (NIOSAD.BO)

Prashant Raghunath Pimple, CIO – Fixed Income at Baroda BNP Paribas Mutual Fund, brings over two decades of experience in fund management. His flexible investment strategy balances core and tactical allocations to optimize returns. He thrives on market dynamism and fresh opportunities daily.

Gurmeet Chadha's investment strategy is influenced by a personal lesson from not vesting his ESOPs at HDFC Bank, leading him to emphasize consistent, long-term investments. He targets specific share quantities, focusing on accumulating assets through market fluctuations to generate passive income from dividends.

The probe, initiated by Sebi in 2022, focuses on Nippon Life India Asset Management (earlier Reliance Mutual Fund) over its ₹2,500 crore investment in Yes Bank's Additional Tier 1 (AT1) bonds. The investigation probes whether the former promoter, Anil Ambani's Reliance Capital, influenced the fund's investment decision, potentially impacting the fiduciary responsibility of its executives.

Ace investor Radhakishan Damani has sold 1 lakh shares in VST Industries for Rs 4.4 crore via a block deal. The shares were sold at Rs 439.05 each, slightly above the previous closing price. Following this sale, Damani's stake in VST Industries has reduced to 2.82% from 3.47%.

D Mart founder Radhakishan Damani, a public shareholder of VST Industries Ltd., offloaded a 0.64% stake worth Rs 4.39 crore through open market transactions on Thursday. Damani, one of the largest shareholders in VST Industries, sold 1 lakh shares at Rs 439.19 apiece. As of June, Damani directly held a 3.47% stake. Reliance Mutual Fund bought 0.85 lakh shares or a 0.55% stake at Rs 439.96 apiece, while Thrift Savings Plan mopped up 0.83 lakh shares or a 0.54% stake.

Shares of Nippon Life AMC surged up to 6.38 per cent, at Rs 675.05 per share on the BSE in Monday's intraday deals.

Nippon's small-cap fund has a strategy of investing in over 200 stocks.Managed by Samir Rachh, the fund is a retail favorite and also the largest in small-cap category

Reliance Latest Update: Mukesh Ambani is expanding Reliance into various aspects of daily life. From soap to mobile phones, Reliance is already a significant part of consumers' routines. Now, with plans to enter the consumer electronics and home appliances segment, Reliance aims to provide a comprehensive experience across all consumption areas. The new brand Wyzr will offer a range of products, including air coolers, televisions, washing machines, and more. Backed by Reliance's strong retail and e-commerce network, the company looks to capitalize on India's growing electronics manufacturing ecosystem while contributing to the Make in India initiative.

BlackRock-Jio JV to disrupt Indian MF sector: $150M each invested, BlackRock brings expertise, JFS local knowledge & tech. JioBlackRock to face new set of players, PE funds. Success depends on innovations, tech & new products to benefit all stakeholders. #MukeshAmbani #BlackRock #JioBlackRock #JioFinancialServices #SEBI #RelianceNippon #RelianceCapital #NipponAssetManagement #Zerodha #Groww

BlackRock’s return reminds of the numerous foreign fund houses that exited India. It’s also testament to fundamental shifts the industry has seen in recent years.

Jai Anmol, who was raised in a prosperous and successful family, has the unenviable task of stepping into his grandfather's enormous shoes and continuing the illustrious Ambani legacy.

Stocks In the News: Check out the companies making the biggest headlines before the opening bell

Cofipalux Invest SA acquired additional 1,15,618 equity shares in Banswara Syntex at Rs 176.6 per share on the BSE. The stock was frozen at 5 percent upper circuit. Cofipalux had bought 1.7 lakh shares in the company on October 4.