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{{Short description|Asset management company in India}}
{{Use dmy dates|date=June 2022}}
{{Use Indian English|date=June 2022}}
{{Infobox company
{{Infobox company
| name = Axis Mutual Fund
| name = Axis Mutual Fund
| logo = Axis AMC Logo.png
| logo = Axis Mutual Fund Logo.svg
| type = [[Private company]]
| foundation = {{Start date and age|2009}}
| foundation = {{Start date and age|2009}}
| location = [[Mumbai]], [[India]]
| location = [[Mumbai]], India
| key_people = Chandresh Kumar Nigam {{small|(MD & [[CEO]])}}<ref>{{cite web |agency=Press Trust of India |title=Axis MF appoints Chandresh Nigam as MD & Chief Executive |url=https://www.business-standard.com/article/companies/axis-mf-appoints-chandresh-nigam-as-md-chief-executive-113042900594_1.html |website=Business Standard India |date=29 April 2013}}</ref><br />
| key_people = B.Gopkumar (MD & [[Chief executive officer|CEO]])<ref>{{cite web |title=Axis AMC appoints B Gopkumar as CEO & MD|url=https://hr.economictimes.indiatimes.com/news/industry/axis-amc-appoints-b-gopkumar-as-ceo-md/98531882|website=Economic Times |date=10 March 2023}}</ref><ref>{{cite web |title=Axis Mutual Fund announces top management changes|url=https://www.valueresearchonline.com/stories/52266/axis-mutual-fund-announces-top-management-changes/|website=Value Research Online |date=10 March 2023}}</ref><br />
Shreyas Devalkar (head of equity)<ref>{{cite web |title=Axis MF appoints Shreyas Devalkar as new equity head|url=https://www.thehindubusinessline.com/markets/shreyas-devalkar-is-new-equity-head-of-axis-mf/article67158622.ece|website=The Hindu Business Line |date=4 August 2023}}</ref><ref>{{cite web |title=Axis Mutual Fund appoints Shreyas Devalkar as head of equities|url=https://www.cnbctv18.com/business/companies/axis-mutual-fund-appoints-shreyas-devalkar-as-head-of-equities-17438891.htm|website=CNBC TV 18 |date=4 August 2023}}</ref>
Jignesh Gopani {{small|(Head of Equity)}}
| industry = [[Mutual Fund]]
| type = [[Joint venture]]
| industry = [[Investment management]]
| area_served = India
| area_served = India
| products = {{ubl|[[Mutual fund]]s |[[Exchange-traded fund]]s |[[Index fund]]s |[[Fund of funds]] |[[Gold exchange-traded product]]s |[[Commodities]] |[[Asset management]] |[[Government bond]]s | [[Corporate bond]]s |[[Real estate investment trust]] | [[Risk management]] }}
| products = [[Mutual Fund]]
| revenue =
| aum = {{up}} {{INRConvert|196548.66|c}} (As of 31 March 2021)<ref>{{Cite web|title=Axis Mutual Fund|url=https://groww.in/mutual-funds/amc/axis-mutual-funds|access-date=14 February 2022|website=[[Groww]]}}</ref>
| operating_income =
| assets = {{up}} {{INRConvert|619.87|c}} (As of 31 March 2020)
| net_income =
| equity = {{up}} {{INRConvert|438.47|c}} (As of 31 March 2020)
| aum = {{increase}} {{INRConvert|263740|C}} {{small|(December 2023)}}<ref>{{cite web|url=https://economictimes.indiatimes.com/mf/analysis/top-10-mutual-funds-in-india-nippon-india-mutual-fund-aum-rises-37-06-in-2023/articleshow/106886254.cms?from=mdr|title=Top 10 mutual funds in India; Nippon India Mutual Fund AUM rises 37.06% in 2023|website=economictimes.indiatimes.com/|date=16 January 2024}}</ref>
| num_employees =
| assets =
⚫
| homepage = {{url|https://www.axismf.com/}}
| equity =
| owner = [[Axis Bank]] (75%)<br>[[Schroders]] (25%)
⚫
| homepage = {{URL|https://www.axismf.com/}}
| footnotes = <ref>{{Cite web|title=Annual Report 2021-2022|url=https://www.axismf.com/cms/sites/default/files/Statutory/Annual%20Report-Axis%20Asset%20Management%20Company%20Limited%20for%20FY%202021-22.pdf|access-date=1 August 2022|website=Axis Mutual Fund}}</ref><ref>{{Cite web|title=Corporate Profile|url=https://www.axismf.com/cms/sites/default/files/pdf-factsheets/Corporate%20PPT%20as%20on%2031st%20March%202022.pdf|website=Axis Mutual Fund}}</ref><ref>{{Cite web|title=Axis Mutual Fund|url=https://groww.in/mutual-funds/amc/axis-mutual-funds|access-date=14 February 2022|website=Groww}}</ref>
}}
}}


'''Axis Mutual Fund''' is an [[asset management company]] in India. It was established in the year 2009 and has its headquarter in [[Mumbai]].<ref>{{cite web |title=Axis Mutual Fund: Axis Mutual Fund Schemes/Returns, Axis Mutual Fund Latest NAV, Axis Mutual Fund Application Form |url=https://www.moneycontrol.com/mutual-funds/amc-details/AA |website=www.moneycontrol.com}}</ref><ref>{{cite web |title=We are in a stock picker’s market: Axis Mutual Fund |url=https://www.fortuneindia.com/investing/we-are-in-a-stock-pickers-market-axis-mutual-fund/103851 |website=www.fortuneindia.com |language=en}}</ref>
'''Axis Mutual Fund''' is an Indian [[asset management company]]. It was established in the year 2009 and has its headquarters in [[Mumbai]].<ref>{{cite web |title=Axis Mutual Fund: Axis Mutual Fund Schemes/Returns, Axis Mutual Fund Latest NAV, Axis Mutual Fund Application Form |url=https://www.moneycontrol.com/mutual-funds/amc-details/AA |website=www.moneycontrol.com}}</ref><ref>{{cite web |title=We are in a stock picker's market: Axis Mutual Fund |url=https://www.fortuneindia.com/investing/we-are-in-a-stock-pickers-market-axis-mutual-fund/103851 |website=www.fortuneindia.com |language=en}}</ref>


Axis Mutual Fund offers various types of [[mutual fund]] schemes to invest in India, such as [[equity fund]]s, hybrid funds, debt funds, and more.<ref>https://www.axismf.com/axisdownload/acumen_brochures/20190410003-Corporate-Booklet%20LR.pdf amc/axis-mutual-funds</ref>
Axis Mutual Fund offers various types of [[mutual fund]] schemes to invest in India, such as [[equity fund]]s, hybrid funds, debt funds, and more.<ref>{{cite web|url=https://www.axismf.com/axisdownload/acumen_brochures/20190410003-Corporate-Booklet%20LR.pdf |title=Brochure: Axis Mutual Fund}}</ref>


==History==
==History==
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In April 2012, [[Schroders]], an asset management company, acquired a 25% stake in Axis Mutual Fund.<ref>{{cite web |title=UK-based Schroders AMC to buy 25% stake in Axis MF |url=https://www.moneycontrol.com/news/business/mutual-funds/-1947151.html |website=Moneycontrol}}</ref><ref>{{cite web |agency=Press Trust of India |title=Axis MF launches new close-ended equity scheme |url=https://www.business-standard.com/article/markets/axis-mf-launches-new-close-ended-equity-scheme-113111900875_1.html |website=Business Standard India |date=19 November 2013}}</ref>
In April 2012, [[Schroders]], an asset management company, acquired a 25% stake in Axis Mutual Fund.<ref>{{cite web |title=UK-based Schroders AMC to buy 25% stake in Axis MF |url=https://www.moneycontrol.com/news/business/mutual-funds/-1947151.html |website=Moneycontrol}}</ref><ref>{{cite web |agency=Press Trust of India |title=Axis MF launches new close-ended equity scheme |url=https://www.business-standard.com/article/markets/axis-mf-launches-new-close-ended-equity-scheme-113111900875_1.html |website=Business Standard India |date=19 November 2013}}</ref>


In September 2019, Axis Mutual Fund launched an index fund based on Nifty 100 that is known as Axis Nifty 100 [[Index fund]].<ref>{{cite web |title=Axis Mutual Fund launches Axis Nifty 100 Index Fund |url=https://economictimes.indiatimes.com/mf/mf-news/axis-mutual-fund-launches-axis-nifty-100-index-fund/articleshow/71274275.cms |website=The Economic Times |date=24 September 2019}}</ref> On 22 January, 2020, the company launched ESG fund.<ref>{{cite web |last1=Borate |first1=Neil |title=Axis MF launches ESG fund with foreign twist |url=https://www.livemint.com/mutual-fund/mf-news/axis-mf-launches-esg-fund-with-foreign-twist-11579579127190.html |website=Livemint |language=en |date=21 January 2020}}</ref>
In September 2019, Axis Mutual Fund launched an index fund based on Nifty 100 that is known as Axis Nifty 100 [[Index fund]].<ref>{{cite web |title=Axis Mutual Fund launches Axis Nifty 100 Index Fund |url=https://economictimes.indiatimes.com/mf/mf-news/axis-mutual-fund-launches-axis-nifty-100-index-fund/articleshow/71274275.cms |website=The Economic Times |date=24 September 2019}}</ref> On 22 January 2020, the company launched ESG fund.<ref>{{cite web |last1=Borate |first1=Neil |title=Axis MF launches ESG fund with foreign twist |url=https://www.livemint.com/mutual-fund/mf-news/axis-mf-launches-esg-fund-with-foreign-twist-11579579127190.html |website=Livemint |language=en |date=21 January 2020}}</ref>

== 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.<ref>{{cite news |last1=Upadhyay |first1=Jayshree P. |title=Behind the front-running case at Axis Mutual Fund |url=https://www.livemint.com/mutual-fund/mf-news/behind-the-front-running-case-at-axis-mutual-fund-11652813917815.html |work=mint |date=18 May 2022 |language=en}}</ref><ref>{{cite news |title=Sacked Axis MF fund manager Viresh Joshi sues asset management company |url=https://economictimes.indiatimes.com/mf/mf-news/sacked-axis-mutual-fund-manager-viresh-joshi-sues-asset-management-company/articleshow/92416753.cms |work=The Economic Times |date=23 June 2022}}</ref><ref>{{cite news |last1=Vanamali |first1=Krishna Veera |title=Should recent events at Axis Mutual Fund worry India's retail investors? |url=https://www.business-standard.com/podcast/finance/should-recent-events-at-axis-mutual-fund-worry-india-s-retail-investors-122051000094_1.html |access-date=19 August 2022 |work=[[Business Standard]] |date=10 May 2022 |language=en}}</ref>


==See also==
==See also==
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* {{official website|axismf.com}}
* {{official website|axismf.com}}


{{Investment management}}
{{Major asset management companies}}


[[Category:Financial services companies based in Mumbai]]
[[Category:Financial services companies based in Mumbai]]

Latest revision as of 14:31, 14 August 2024

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

[edit]

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

[edit]

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

[edit]

References

[edit]
  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.
[edit]
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