Mahindra AMC received SEBI nod for Mutual Fund business

Feb 6, 2016 09:00 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

Is this article important for exams ? Yes12 People Agreed

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK