Manulife Investment Management acquires 49 percent in Mahindra Asset Management Company

The joint venture will focus on expansion of fund offerings and long term wealth creation

Mahindra Finance and Manulife form Asset Management Joint Venture in India

The 51:49 JV will provide global best practices and processes to Indian retail customers

Mumbai, June 21, 2019: Mahindra & Mahindra Financial Services Limited through its subsidiary, Mahindra Asset Management Company Private Limited has entered into a joint venture with the leading global financial services group, Manulife*. The 51:49 joint venture aims to expand the depth and breadth of fund offerings and retail fund penetration in India.