Axis Mutual Fund

Last updated

Axis Mutual Fund
Company type Joint venture
Industry Investment management
Founded2009;15 years ago (2009)
Headquarters Mumbai, India
Area served
India
Key people
B.Gopkumar (MD & CEO) [1] [2]
Shreyas Devalkar (head of equity) [3] [4]
Products
AUM Increase2.svg₹263,740 crore (US$32 billion) (December 2023) [5]
Owner Axis Bank (75%)
Schroders (25%)
Website www.axismf.com
Footnotes /references
[6] [7] [8]

Axis Mutual Fund is an Indian asset management company. It was established in the year 2009 and has its headquarters in Mumbai. [9] [10]

Contents

Axis Mutual Fund offers various types of mutual fund schemes to invest in India, such as equity funds, hybrid funds, debt funds, and more. [11]

History

Axis Mutual Fund started its operations in 2009 with its first equity scheme, Axis Equity Fund. [12]

In April 2012, Schroders, an asset management company, acquired a 25% stake in Axis Mutual Fund. [13] [14]

In September 2019, Axis Mutual Fund launched an index fund based on Nifty 100 that is known as Axis Nifty 100 Index fund. [15] On 22 January 2020, the company launched ESG fund. [16]

Controversy

Two fund managers of Axis Mutual Fund allegedly shared confidential information about the asset manager's trades with brokers in Gujarat in return for kickbacks, according to new details discovered by a Securities and Exchange Board of India (SEBI) investigation. [17] [18] [19]

See also

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References

  1. ↑ "Axis AMC appoints B Gopkumar as CEO & MD". Economic Times. 10 March 2023.
  2. ↑ "Axis Mutual Fund announces top management changes". Value Research Online. 10 March 2023.
  3. ↑ "Axis MF appoints Shreyas Devalkar as new equity head". The Hindu Business Line. 4 August 2023.
  4. ↑ "Axis Mutual Fund appoints Shreyas Devalkar as head of equities". CNBC TV 18. 4 August 2023.
  5. ↑ "Top 10 mutual funds in India; Nippon India Mutual Fund AUM rises 37.06% in 2023". economictimes.indiatimes.com/. 16 January 2024.
  6. ↑ "Annual Report 2021-2022" (PDF). Axis Mutual Fund. Retrieved 1 August 2022.
  7. ↑ "Corporate Profile" (PDF). Axis Mutual Fund.
  8. ↑ "Axis Mutual Fund". Groww. Retrieved 14 February 2022.
  9. ↑ "Axis Mutual Fund: Axis Mutual Fund Schemes/Returns, Axis Mutual Fund Latest NAV, Axis Mutual Fund Application Form". www.moneycontrol.com.
  10. ↑ "We are in a stock picker's market: Axis Mutual Fund". www.fortuneindia.com.
  11. ↑ "Brochure: Axis Mutual Fund" (PDF).
  12. ↑ Adajania, Kayezad E. (30 April 2012). "Axis mutual fund and its investors go global". Livemint.
  13. ↑ "UK-based Schroders AMC to buy 25% stake in Axis MF". Moneycontrol.
  14. ↑ "Axis MF launches new close-ended equity scheme". Business Standard India. Press Trust of India. 19 November 2013.
  15. ↑ "Axis Mutual Fund launches Axis Nifty 100 Index Fund". The Economic Times. 24 September 2019.
  16. ↑ Borate, Neil (21 January 2020). "Axis MF launches ESG fund with foreign twist". Livemint.
  17. ↑ Upadhyay, Jayshree P. (18 May 2022). "Behind the front-running case at Axis Mutual Fund". mint.
  18. ↑ "Sacked Axis MF fund manager Viresh Joshi sues asset management company". The Economic Times. 23 June 2022.
  19. ↑ Vanamali, Krishna Veera (10 May 2022). "Should recent events at Axis Mutual Fund worry India's retail investors?". Business Standard . Retrieved 19 August 2022.
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