Reliance Nippon AMC IPO: Should you invest?

Being first of its kind, the IPO offers many positives to its investors

Sticking to its schedule, Reliance Capital is on track to list its asset management arm — Reliance Nippon Life Asset Management (RNLAM). The issue, which would open on Wednesday and is the first one by an asset management company (AMC), has many positives such as a diversified asset base with strong investment track record. These attributes have helped RNLAM grow its business profitably. Equally important is its positioning as the number three player (11.4 per cent market share, according to ICRA) among AMCs, which is aided by an exhaustive distribution network. While these pluses augur well, the initial public offering