CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following company’s Mutual Fund has been renamed as Nippon India Mutual Fund (NIMF)?
A
Wipro
B
Tata
C
Reliance
D
Aditya Birla
Explanation: 

Detailed explanation-1: -Nippon India Mutual Funds (formerly Reliance Mutual Fund) is one of the leading asset management companies in India. It manages assets across managed accounts, mutual funds, pension funds, alternative investments, and offshore funds.

Detailed explanation-2: -Nippon India Mutual Fund (NIMF) was earlier known as Reliance Mutual Fund.

Detailed explanation-3: -Nippon India Mutual Fund (NIMF) is one of India’s leading mutual funds, with Average Assets Under Management (AAUM) of Rs 265,458.54 Crores (July 2021 to Sept 2021 QAAUM) and 133.32 lakhs folios (as on 30th Sept 2021).

Detailed explanation-4: -Nippon Life India Asset Management Limited (NAM India) is the investment and asset manager of Nippon India Mutual Fund or NIMF. The company’s name was Reliance Nippon Life Asset Management Limited, which was changed to Nippon Life India Asset Management Limited on 28th September 2019.

Detailed explanation-5: -In English, the modern official title of the country is simply “Japan", one of the few countries to have no “long form” name. The official Japanese-language name is Nippon-koku or Nihon-koku (), literally “State of Japan".

There is 1 question to complete.