Mahindra Finance, a Non-Banking Financial Company (NBFC), which recently received licence from Sebi for mutual fund business, is likely to kick-start its MF arm by April, a top company official said. Moreover, the company is pinning hopes on a good monsoon to improve its performance in the next fiscal. "We have recently received licence for mutual fund arm and we are currently busy filing for some of our MF products for Sebi's approval before we kick off the MF arm," Mahindra Finance Managing Director Ramesh G Iyer told PTI here.
