Reliance MF in Talks to Acquire JP Morgan’s Indian MF Arm
Reliance Capital Asset Management Ltd. is in talks to acquire the Rs.7501-crore portfolio of JP Morgan Asset Management India Pvt. Ltd. This acquisition, if concluded, will close the gap between Reliance Mutual Fund and its two biggest rivals, ICICI Prudential Mutual Fund and HDFC Mutual Fund. As on 31 December 2015, Reliance MF’s total assets under management (AUM) […]