The joint venture of Mahindra & Mahindra Financial Services Limited and Manulife Investment Management (Singapore) Pte. Ltd. brings together Mahindra’s domestic market strength and track record of successfully building businesses focused on meeting customer needs and Manulife’s global wealth and asset management capabilities and richness of experience in servicing the needs of Asian consumers across developed and developing markets. We aim to offer wide variety of investment solutions pan-India, with focus on semi-urban areas.
We have built continuously evolving in-house process models for equity and debt portfolios. Selection of securities in portfolios is guided by GCMV Process , which evaluates companies on the basis of growth estimates, cashflow analysis, management and valuations. For debt securities, we follow the Risk Guard Process for credit assessment and monitoring and go beyond the conventional analysis of business, management and financial qualities.
More about Mahindra Manulife Mutual Fund:
Mahindra Manulife Mutual Fund (the “Mutual Fund”) has been constituted as a trust in accordance with the provisions of the Indian Trusts Act, 1882 (2 of 1882) with Mahindra & Mahindra Financial Services Limited (‘MMFSL’) and Manulife Investment Management (Singapore) Pte. Ltd. (‘Manulife Singapore’), as the Co-Sponsors and Mahindra Manulife Trustee Private Limited (Formerly known as ‘Mahindra Trustee Company Private Limited’) (‘MMTPL’) as the trustee to the Mutual Fund. The Trust Deed dated September 29, 2015 has been registered under the Indian Registration Act, 1908, as amended by the Deed of Variation dated April 29, 2020. The Mutual Fund has been registered with SEBI on February 4, 2016 under Registration Code MF/069/16/01.
Mahindra Manulife Investment Management Private Limited (Formerly known as Mahindra Asset Management Company Private Limited) (‘MMIMPL’), a company incorporated under the Companies Act, 1956, acts as the Investment Manager of the Mutual Fund and MMTPL, a company incorporated under the Companies Act, 1956, acts as the Trustee to the Mutual Fund.
Pursuant to the Share Subscription Agreement executed amongst MMFSL, Manulife Singapore, MMTPL and MMIMPL, Manulife Singapore acquired 49% of the post issue equity share capital (on a fully diluted basis) of MMIMPL and MMTPL on April 29, 2020 and became a Co-Sponsor of the Mutual Fund. The Deed of Variation to Trust Deed constituting the Fund was executed on April 29, 2020 to reflect Manulife Singapore as the Co-Sponsor of the Mutual Fund along with MMFSL.
Accordingly, Mahindra Mutual Fund was renamed as Mahindra Manulife Mutual Fund and SEBI vide its letter dated June 1, 2020 issued fresh certificate of registration dated June 1, 2020 in the name of ‘Mahindra Manulife Mutual Fund’ and cancelled the old certificate of registration dated February 4, 2016 in the name of ‘Mahindra Mutual Fund’.