The original meaning of RISC was "Reduced Complexity Instruction Set". They, by no means, have a reduced number of instructions.
Not fewer; simpler. The original architectures had only single-cycle instructions. It's morphed somewhat but the instructions are still "simple", meaning separate load-store and arithmetic instructions (load-add, or incrementing a memory location isn't allowed, for instance). To offset the simpler instructions there are more registers.
Not "fewer", rather "simpler", requiring simpler logic and faster.