Manulife operates in Indian asset management through Mahindra Manulife, a mutual fund venture with Mahindra and Mahindra Financial Services. Manulife holds a 49 per cent stake in the fund's investment manager and trustee company.
Ownership and structure
Manulife Investment Management holds 49 percent of Mahindra Manulife Investment Management and its trustee company, a joint venture with Mahindra and Mahindra Financial Services.
What India does for Manulife
India is a mutual fund market for Manulife through its asset management joint venture with Mahindra Finance.
Manulife's India business
Manulife Investment Management acquired 49 per cent of Mahindra Manulife Investment Management and its trustee company in April 2020. The mutual fund was registered with SEBI in February 2016.
Mahindra and Mahindra Financial Services and Manulife are co sponsors of the fund.
Key moves in India
- 2015: The trust deed of the Mahindra mutual fund was executed in September.
- 2016: The mutual fund was registered with SEBI in February.
- 2020: Manulife acquired 49 percent of the asset manager and trustee company on April 29 and became a co sponsor.
- 2020: The fund was renamed Mahindra Manulife Mutual Fund and received a fresh SEBI registration in June.
Where it operates
Manulife runs its India business from Mumbai.
At a glance
- Home country: Canada
- Global headquarters: Toronto
- Sector: Banking & Financial Services
- Business: Asset management
- Role of India: Sales market, Financial services franchise
- India entity: Mahindra Manulife Investment Management Private Limited
- India head office: Mumbai
- India offices: Mumbai
- India headcount: Not available
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