Axis Mutual Fund Explained

Axis Mutual Fund
Location:Mumbai, India
Key People:B.Gopkumar (MD & CEO)[1] [2]
Shreyas Devalkar (head of equity)[3] [4]
Type:Joint venture
Industry:Investment management
Area Served:India
Aum: [5]
Owner:Axis Bank (75%)
Schroders (25%)
Footnotes:[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

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

Notes and References

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

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