We are focused on garnering sticky assets: Reliance Nippon CEO

Nippon Life Insurance and Reliance Capital will continue to remain equal shareholders in the asset management company post listing, he said

We have consciously been moving our asset mix to half debt and half equity as equity assets tend to be cyclical, says Sundeep Sikka, CEO, Reliance Nippon Life Asset Management (AMC). In a conversation with Ashley Coutinho and Samie Modak, Sikka says the AMC is not aggressively competing for market share but is focussed on growth with profitability. Edited excerpts:

Yours is the first AMC to list. How will this impact the mutual fund sector?

This IPO will trigger three big changes in the mutual fund industry. One, it will start a trend of focus on profitability. Second, there