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Axis Mutual Fund

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Axis Mutual Fund
Company typePrivate company
IndustryMutual Fund
Founded2009; 15 years ago (2009)
HeadquartersMumbai, India
Area served
India
Key people
Chandresh Kumar Nigam (MD & CEO)[1]
Jignesh Gopani (Head of Equity)
ProductsMutual Fund
Revenue
  • Increase ₹936.73 crore (US$110 million) (2022)
  • ₹655.30 crore (US$79 million) (2021)
  • Increase ₹532.03 crore (US$64 million) (2022)
  • ₹323.02 crore (US$39 million) (2021)
  • Increase ₹401.66 crore (US$48 million) (2022)
  • ₹244.80 crore (US$29 million) (2021)
AUMIncrease ₹260,335.18 crore (US$31 billion) [2]
Total assets
  • Increase ₹1,234.58 crore (US$150 million) (2022)
  • ₹851.30 crore (US$100 million) (2021)
Total equity
  • Increase ₹1,078.95 crore (US$130 million) (2022)
  • ₹693.31 crore (US$83 million) (2021)
Owner
Websitewww.axismf.com
Footnotes / references
[3][4][5]

Axis Mutual Fund is an asset management company in India. It was established in the year 2009 and has its headquarter in Mumbai.[6][7]

Axis Mutual Fund offers various types of mutual fund schemes to invest in India, such as equity funds, hybrid funds, debt funds, and more.[8]

History

Axis Mutual Fund started its operations in 2009 with its first equity scheme, Axis Equity Fund.[9]

In April 2012, Schroders, an asset management company, acquired a 25% stake in Axis Mutual Fund.[10][11]

In September 2019, Axis Mutual Fund launched an index fund based on Nifty 100 that is known as Axis Nifty 100 Index fund.[12] On 22 January 2020, the company launched ESG fund.[13]

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.[14][15][16]

See also

References

  1. ^ "Axis MF appoints Chandresh Nigam as MD & Chief Executive". Business Standard India. Press Trust of India. 29 April 2013.
  2. ^ "Axis Mutual Fund - Assets under management, May 31, 2022".
  3. ^ "Annual Report 2021-2022" (PDF). Axis Mutual Fund. Retrieved 1 August 2022.
  4. ^ "Corporate Profile" (PDF). Axis Mutual Fund.
  5. ^ "Axis Mutual Fund". Groww. Retrieved 14 February 2022.
  6. ^ "Axis Mutual Fund: Axis Mutual Fund Schemes/Returns, Axis Mutual Fund Latest NAV, Axis Mutual Fund Application Form". www.moneycontrol.com.
  7. ^ "We are in a stock picker's market: Axis Mutual Fund". www.fortuneindia.com.
  8. ^ "Brochure: Axis Mutual Fund" (PDF).
  9. ^ Adajania, Kayezad E. (30 April 2012). "Axis mutual fund and its investors go global". Livemint.
  10. ^ "UK-based Schroders AMC to buy 25% stake in Axis MF". Moneycontrol.
  11. ^ "Axis MF launches new close-ended equity scheme". Business Standard India. Press Trust of India. 19 November 2013.
  12. ^ "Axis Mutual Fund launches Axis Nifty 100 Index Fund". The Economic Times. 24 September 2019.
  13. ^ Borate, Neil (21 January 2020). "Axis MF launches ESG fund with foreign twist". Livemint.
  14. ^ Upadhyay, Jayshree P. (18 May 2022). "Behind the front-running case at Axis Mutual Fund". mint.
  15. ^ "Sacked Axis MF fund manager Viresh Joshi sues asset management company". The Economic Times. 23 June 2022.
  16. ^ 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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