Mahindra Asset Management Company has received a stamp of approval from SEBIto initiate its mutual fund business. This newly formed MF business will focus on investors in semi-urban and rural markets.
- With the entry of Mahindra MF, the number of fund houses operating in Indiawill rise to 43.
- Mahindra AMC also designated Ashutosh Bishnoi as its CEO and MD.
Mahindra AMC, a wholly-owned subsidiary of Mahindra & Mahindra Financial Services (MMFS).
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