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Nippon India Mutual Fund was earlier known as Reliance Mutual Fund. Nippon Life Insurance of Japan acquired 75 per cent stake in Reliance Nippon Life Asset Management from Reliance Capital. After that Reliance Mutual Fund changed its name to Nippon India Mutual Fund with effect from September 28, 2019. It has been registered with the Securities & Exchange Board of India from June 30, 1995. With its corporate office based in Mumbai, India, Nippon India Mutual Fund is located in 300 cities. Currently it has an investor base of Rs.87lakh investors. Nippon India Mutual Fund becomes the first AMU in India to launch an ETF in collaboration with the Government of India. It has subsidiaries in Singapore and Mauritius and international offices in Dubai which serves institutional investors and high net investors across Asia, Australia, UK, US, Middle East and Europe. Nippon India Mutual Fund in collaboration with BBL Asset Management company has launched Bualuang Bharata fund in Thailand.