News From Press What is good for the investor is also good for AMCs, distributors: Sundeep Sikka

What is good for the investor is also good for AMCs, distributors: Sundeep Sikka

Source: Mint Apr 10, 2019

Sundeep Sikka, executive director and CEO, Reliance Nippon Life Asset Management (RNAM), believes what is good for the investor is good for the industry. It is in this spirit that he steers RNAM’s retail-focused growth. With presence in 100 locations where no other AMC is present and 3 million SIPs that contribute over ₹10,000 crore on an annualized basis, the company is proud of the contribution it has made to increase the reach of mutual funds

What is the status of the sale of Reliance Capital Ltd’s stake in Reliance Nippon Life Asset Management to Nippon Life Insurance Co.?

Reliance Capital has communicated to the stock exchanges that it has offered JV (joint venture) partner Nippon Life the option to buy out its stake. Discussions are ongoing and there’s nothing new to add at this point of time.

Nippon Life is a valuable partner in two JVs with Reliance Capital—in asset management and in insurance. It came into the AMC with 26% in 2012 and has increased its stake in stages.

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1 Comment

Prashant · 5 years ago `

This is true but that is not what is happening right now. It is not at all good for the investors to go direct and lose money no matter how tech savvy or intelligent he or she is they don't know when to put money where to put money why to put money and how much money to be invested. They just know how to invest and they feel they are experts and SEBI also calls them experts. All this just to benefit AMCs only. It doesn't benefit investors or distributors at all.

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AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

Help me get clients of other distributors who are underserved

Lead to poaching of clients

No significant effect on my business

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