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Axis Mutual Fund

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Axis Mutual Fund
Company typeJoint venture
IndustryInvestment management
Founded2009; 15 years ago (2009)
HeadquartersMumbai, India
Area served
India
Key people
B.Gopkumar (MD & CEO)[1][2]
Shreyas Devalkar (head of equity)[3][4]
Products
AUMIncrease ₹263,740 crore (US$32 billion) (December 2023)[5]
OwnerAxis Bank (75%)
Schroders (25%)
Websitewww.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]

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

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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

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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

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  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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