Manulife Financial Corp
Manulife Financial Corp (TSX: MFC-PB) is trading at CA$21.13, about ₹1,430 at today's CAD/INR rate, as of 28 Sep 2026, 3:59 PM ET, down 0.98% today. Indian residents can buy Manulife Financial from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$21.01
Today's high
CA$21.30
52 week low
CA$21.01
52 week high
CA$23.46
MFC-PB opened at CA$21.22, closed previously at CA$21.34, and has traded between CA$21.01 and CA$23.46 over the past 52 weeks.
About
Manulife Financial Corporation is a global provider of financial products and services, operating across Asia, Canada, the United States, and other international markets. The company structures its diverse operations into three main segments. Its Wealth and Asset Management Businesses arm offers a variety of investment vehicles, such as mutual funds and exchange-traded funds, along with group retirement and savings plans, and institutional asset management. These services are delivered through the company's network of affiliated agents and brokers, securities brokerage firms, independent financial advisors, pension plan consultants, and banking partners. The Insurance and Annuity Products segment provides deposit and credit offerings, a full spectrum of individual and group life insurance, individual and group long-term care insurance, and various guaranteed and partially guaranteed annuity products. These are distributed via insurance agents, brokers, banks, financial planners, and direct marketing channels. The Corporate and Other segment is responsible for property and casualty insurance, reinsurance activities, and manages run-off reinsurance portfolios, including those related to variable annuities, and accident and health. In addition to these core offerings, Manulife also oversees timberland and agricultural investment portfolios. Its comprehensive financial involvement extends to insurance agency functions, portfolio and mutual fund management, mutual fund dealing, and a range of life, annuity, long-term care, and financial reinsurance services. The corporation also provides investment management, counseling, advisory, and dealer services. Manulife Financial Corporation was founded in 1887 and is headquartered in Toronto, Canada.
Key statistics
Avg. volume
3.33K
Market cap
CA$89.41B
P/E Ratio
16.62
Price-to-sales ratio
1.78
Enterprise value
CA$89.49B
Free cash flow yield
29.89%
Debt-to-equity ratio
0.27
Return on equity
12.98%
ROIC
0.67%
Beta
0.57
Dividend yield
3.07%
Last dividend
CA$1.16
Financial overview
Revenue
CA$53.01B
Earnings per share
CA$3.08
Free cash flow
CA$32.10B
Net profit margin
11.62%
Gross margin
36.59%
EBITDA
CA$6.79B
Revenue growth
16.30%
Similar securities
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 and then to CAD.
Search for Manulife Financial and place an order
Find Manulife Financial by name or by its ticker, MFC-PB, and choose an order type. 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 CAD 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 3.07%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Manulife Financial stock?
Yes. Manulife Financial (MFC-PB) has been listed on the Toronto Stock Exchange since 2005, 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 and then to CAD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Manulife Financial share cost in rupees?
One Manulife Financial share is CA$21.13 — about ₹1,430 at a CAD/INR rate of 67.65 on 28 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.
How are gains on Manulife Financial shares taxed in India?
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 CAD/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 3.07%; the last declared dividend was CA$1.16 per share, about ₹78.65. 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 Toronto 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 Canada is on standard time. Orders can only execute during that window.
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 CAD 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.
Does the rupee rate affect what I make on Manulife Financial?
Yes. Manulife Financial is priced in CAD, so your rupee outcome combines the CAD move with the CAD/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.