Jump to content

Axis Mutual Fund: Difference between revisions

Add links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
c/e
Logo
 
(2 intermediate revisions by 2 users not shown)
Line 4: Line 4:
{{Infobox company
{{Infobox company
| name = Axis Mutual Fund
| name = Axis Mutual Fund
| logo = [[File:Axis AMC Logo.png|250px]]
| logo = Axis Mutual Fund Logo.svg
| foundation = {{Start date and age|2009}}
| foundation = {{Start date and age|2009}}
| location = [[Mumbai]], [[India]]
| location = [[Mumbai]], India
| key_people = B.Gopkumar {{small|(MD & [[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 />
| 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 {{small|(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>}}
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>
| type = [[Private company]]
| type = [[Joint venture]]
| industry = [[Investment management]]
| 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 = {{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]] }}
| revenue =
| revenue =
| operating_income =
| operating_income =
| net_income =
| net_income =
| 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>
| 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>
| assets =
| assets =
| equity =
| equity =
| owner = [[Axis Bank]] (75%)<br>[[Schroders]] (25%)
| owner = [[Axis Bank]] (75%)<br>[[Schroders]] (25%)
| homepage = {{URL|https://www.axismf.com/}}
| 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>
| 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>

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]
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Axis_Mutual_Fund&oldid=1240275937"