Mahindra Mutual Fund

PPFAS, Quantum, Mahindra Manulife among those to launch new products

Joint venture to be oriented towards retail assets, deeper penetration

We also think that credit spreads may also contract once we have a settled gilt curve

Mahindra MF, which began operations in July 2016, is currently a bit-player and placed 31 among 42 fund houses, with assets under management of about Rs 40 bn

The company will focus on tier II and III towns along with bigger centres