Mahindra Manulife Mutual Fund Mumbai Salaries by 40+ Employees (Updated 2025)

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Designation	Avg Annual Salary	Open Jobs
Head Human Resources 18 - 20 years exp. · Mumbai (4 salaries)	₹48 L/yr - ₹66 L/yr
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Product Manager 8 - 10 years exp. · Mumbai (3 salaries)	₹23.7 L/yr - ₹25 L/yr
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Deputy Manager 8 - 9 years exp. · Mumbai (AmbitionBox Estimate)	₹7.8 L/yr - ₹8.5 L/yr
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IT Project Manager 22 - 23 years exp. · Mumbai (AmbitionBox Estimate)	₹11.9 L/yr - ₹15.2 L/yr
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Deputy Manager Information Technology 21 - 22 years exp. · Mumbai (AmbitionBox Estimate)	₹11.3 L/yr - ₹14.4 L/yr
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Investor Relation Officer 3 - 6 years exp. · Mumbai (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
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Risk Manager 7 - 12 years exp. · Mumbai (AmbitionBox Estimate)	₹14.3 L/yr - ₹18.3 L/yr
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Senior Alliances Manager 11 - 12 years exp. · Mumbai (AmbitionBox Estimate)	₹39.3 L/yr - ₹50.2 L/yr
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Distribution Manager 5 years exp. · Mumbai (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
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Compliance Manager 7 years exp. · Mumbai (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.7 L/yr
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Research Manager 9 years exp. · Mumbai (AmbitionBox Estimate)	₹18 L/yr - ₹23 L/yr
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Front Desk Executive 6 years exp. · Mumbai (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
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Administration Manager 12 years exp. · Mumbai (AmbitionBox Estimate)	₹9.5 L/yr - ₹12.1 L/yr
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HR Manager 18 years exp. · Mumbai (AmbitionBox Estimate)	₹13.1 L/yr - ₹16.8 L/yr
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Senior Manager Information Technology 24 years exp. · Mumbai (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
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Senior Business Development Manager 18 years exp. · Mumbai (AmbitionBox Estimate)	₹18.9 L/yr - ₹24.2 L/yr
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Senior Business Manager 6 years exp. · Mumbai (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.7 L/yr
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Chief Risk Officer 13 years exp. · Mumbai (AmbitionBox Estimate)	₹38.3 L/yr - ₹48.9 L/yr
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Head Equity Research 15 years exp. · Mumbai (AmbitionBox Estimate)	₹96 L/yr - ₹1.1 Cr/yr
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Investor Relationship Manager 14 years exp. · Mumbai (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
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Salary Discussions, Hike & Promotions

a senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too

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Salary related reviews for Mahindra Manulife Mutual Fund

3.3

Rated by 3 employees for salary & benefits

Branch Manager in Hubli

Sales & Distribution Department

1.0

• posted on 26 Jul 2022

2.0

for Salary and Benefits

Likes

Never ever work in a such company it feels like you are working for government organization. Senior person does not have any skills but he has experience so he is the boss. My Full and final settlement took 110 days to get settle one of my worst experience hr doesn't replies when ask for full and final settlement

Dislikes

Work culture felt like I am working for any government organization

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Know more about Mahindra Manulife Mutual Fund Mumbai

Mahindra Manulife Mutual Fund Salary FAQs

How much does Mahindra Manulife Mutual Fund pay per year?

The average Mahindra Manulife Mutual Fund salary ranges from approximately ₹4.5 Lakhs to ₹5.7 Lakhs per year for a Relationship Manager and ₹6 Lakhs to ₹8.9 Lakhs per year for a Deputy Manager. Salary estimates are based on 40 Mahindra Manulife Mutual Fund salaries received from various employees of Mahindra Manulife Mutual Fund. Mahindra Manulife Mutual Fund employees rate the overall salary and benefits package 3.3/5 stars.

What is the highest salary in Mahindra Manulife Mutual Fund?

The highest-paying job at Mahindra Manulife Mutual Fund is a Deputy Manager with a salary of ₹6 Lakhs to ₹8.9 Lakhs per year. The top 10% of employees earn more than ₹39.42 lakhs per year. The top 1% earn more than a whopping ₹84.55 lakhs per year.

What is the minimum salary in Mahindra Manulife Mutual Fund?

Minimum salary at Mahindra Manulife Mutual Fund depends on the role you are applying for. For Relationship Manager the minimum salary is ₹4.5 Lakhs to ₹5.7 Lakhs per year, and for Assistant Manager the minimum salary is ₹5.3 Lakhs to ₹7.2 Lakhs per year and so on.

What is the notice period at Mahindra Manulife Mutual Fund in Mumbai?

According to AmbitionBox, 92% of the Mahindra Manulife Mutual Fund employees in Mumbai reported a notice period of 3 Months, 4% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 26 responses on AmbitionBox in last 2 years.

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Mahindra Manulife Mutual Fund Mumbai Salaries by Department

Average annual salary in Mahindra Manulife Mutual Fund , Mumbai is INR . Salary estimates are based on 40 Mahindra Manulife Mutual Fund latest salaries received from various employees of Mahindra Manulife Mutual Fund.