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The market regulator SEBI has provided its approval to the Mahindra Assets Management Company for setting up of mutual fund business.
Mahindra AMC is a wholly owned subsidiary of Mahindra and Mahindra Financial Services (MMFS).
MMFS said in a BSE filing that “Mahindra Asset Management Company Private Limited, a wholly-owned subsidiary of the company, on February 4 received the approval from the Securities and Exchange Board of India (Sebi) to act as the asset management company to the Mahindra Mutual Fund.”
