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Axis Mutual Fund

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

External links

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 Axis Mutual Fund, retrieved 1 August 2022^
  7. Corporate Profile 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^
  12. Kayezad E. Adajania. Axis mutual fund and its investors go global Livemint, 30 April 2012^
  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, 19 November 2013^
  15. Axis Mutual Fund launches Axis Nifty 100 Index Fund The Economic Times, 24 September 2019^
  16. Neil Borate. Axis MF launches ESG fund with foreign twist Livemint, 21 January 2020^
  17. Jayshree P. Upadhyay. Behind the front-running case at Axis Mutual Fund mint, 18 May 2022^
  18. Sacked Axis MF fund manager Viresh Joshi sues asset management company The Economic Times, 23 June 2022^
  19. Krishna Veera Vanamali. Should recent events at Axis Mutual Fund worry India's retail investors? Business Standard, 10 May 2022, retrieved 19 August 2022^