Mahindra AMC received SEBI nod for Mutual Fund business

Mahnidra AMC received licence from SEBI to manage the Mahindra Mutual Fund.

Created On: Feb 6, 2016 09:00 ISTModified On: Feb 6, 2016 10:13 IST

Mahindra Asset Management Company (AMC) on 4 February 2016 received Securities and Exchange Board of India’s (SEBI’s) approval to manage the Mahindra Mutual Fund.

Mahindra AMC is a wholly-owned subsidiary of Mahindra & Mahindra Financial Services (MMFS), a part of the Anand Mahindra-led Mahindra group.

According to reports, Mahindra Finance applied for a mutual fund licence on 30 December 2008 and was given an in-principle approval on 4 October 2011.  

Currently, about 40 mutual fund houses are operation in the country. HDFC MF, ICICI Prudential and Reliance MF are among the top mutual fund companies in India.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

Comment ()

Post Comment

0 + 8 =