Manulife Financial Corporation
Manulife Financial Corporation (NYSE: MFC) is trading at $43.42, about ₹4,171 at today's USD/INR rate, as of 29 Sep 2026, 4:00 PM ET, down 0.17% today. Indian residents can buy Manulife Financial from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$43.05
Today's high
$43.49
52 week low
$30.75
52 week high
$45.33
MFC opened at $43.43, closed previously at $43.50, and has traded between $30.75 and $45.33 over the past 52 weeks.
About
Manulife Financial Corporation, known by its ticker MFC, is a multinational financial services organization that provides a wide range of financial products and solutions. Its operations span across Asia, Canada, the United States, and other international markets. The company's activities are organized into three primary divisions: 1. Wealth and Asset Management: This segment focuses on investment solutions, including mutual funds, exchange-traded funds, group-based retirement and savings programs, and asset management services for institutional clients. These offerings are distributed through the company's network of agents and brokers, independent securities firms, financial advisors, pension consultants, and banks. 2. Insurance and Annuity Products: This division offers a diverse portfolio of financial protection products. This includes deposit and credit services, individual life insurance, and both individual and group long-term care insurance. It also provides various annuity options, both fully and partially guaranteed. These products are sold via insurance agents, brokers, banking partners, financial planners, and direct marketing channels. 3. Corporate and Other: This segment encompasses property and casualty insurance, as well as reinsurance activities, including the management of legacy reinsurance portfolios such as variable annuities and accident and health. Additionally, it oversees timberland and agricultural investment portfolios. The segment also handles insurance agency operations, portfolio and mutual fund management, mutual fund dealing, life, annuity, long-term care, and financial reinsurance services, alongside general fund management. Furthermore, it holds, manages, and provides investment management, advisory, and dealer services. Founded in 1887, Manulife Financial Corporation is headquartered in Toronto, Canada.
Key statistics
Avg. volume
2.19M
Market cap
$72.46B
P/E Ratio
16.60
Price-to-sales ratio
1.77
Enterprise value
CA$84.54B
Free cash flow yield
37.84%
Debt-to-equity ratio
0.27
Return on equity
11.35%
ROIC
0.59%
Beta
0.76
Dividend yield
3.08%
Last dividend
$1.37
Financial overview
Revenue
CA$53.01B
Earnings per share
CA$3.08
Free cash flow
CA$32.08B
Net profit margin
11.62%
Gross margin
36.59%
EBITDA
CA$9.50B
Revenue growth
827.41%
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This is not an investment recommendation
How to buy Manulife Financial from India
Indian residents can buy Manulife Financial shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Manulife Financial and place an order
Find Manulife Financial by name or by its ticker, MFC, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Manulife Financial trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Manulife Financial position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Manulife Financial from India
Trading and taxes when buying Manulife Financial from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Manulife Financial’s current yield is 3.08%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Manulife Financial stock?
Yes. Manulife Financial (MFC) has been listed on the New York Stock Exchange since 1999, in the Insurance - Life industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Manulife Financial share cost in rupees?
One Manulife Financial share is $43.42 — about ₹4,171 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the Manulife Financial price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Manulife Financial from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Manulife Financial?
Yes. One Manulife Financial share is $43.42, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Manulife Financial.
How are gains on Manulife Financial shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Manulife Financial price. Paasa issues a capital-gains statement for your return.
Does Manulife Financial pay a dividend, and how is it taxed in India?
Yes. Manulife Financial pays a dividend and the current yield is 3.08%; the last declared dividend was $1.37 per share, about ₹131.76. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Manulife Financial from India?
The New York Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is Manulife Financial a United States company, and does that change how it is taxed?
Manulife Financial trades on the New York Stock Exchange in US dollars, but the company is domiciled in Canada. Manulife Financial trades as an ordinary share listed directly in the US, not a depositary receipt. Some non-US companies list in the US through American Depositary Receipts, which can carry dividend withholding at the company's home-country rate. Your India-side capital-gains treatment is the same either way.
Do I have to declare Manulife Financial shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Manulife Financial holding, its cost and its closing value.
How do I sell Manulife Financial and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.