reliance mf: Reliance MF bags mandate for ESIC funds

Reliance Is The World’s Costliest Energy Stock To Own

NEW DELHI: Reliance Nippon Life Asset Management (RNAM), has acquired a mandate from the Employees’ State Insurance Corporation (ESIC) to handle its funds.

Total funding of ESIC stands at Rs 59,382 crore. The fund home was awarded this mandate after efficiently fulfilling an unbiased aggressive technical and monetary bidding course of.

It already manages mandates from Employees’ Provident Fund Organization (EPFO), The Coal Mines Provident Fund Organisation (CMPFO) and The Pension Fund Regulatory and Development Authority (PFRDA).

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