Axis Mutual Fund
| Axis Mutual Fund | |
|---|---|
 | |
| Type | Joint venture |
| Industry | Investment management |
| Founded | 2009 |
| Headquarters | Mumbai, India |
Area served | India |
| Key people | B.Gopkumar (MD & CEO)[1][2] Shreyas Devalkar (head of equity)[3][4] |
| Products | |
| AUM |  ₹263,740 crore (US$27 billion) (December 2023)[5] |
| Owner | Axis Bank (75%) Schroders (25%) |
| Website | www |
| Footnotes [6][7] | |
Axis Mutual Fund is an Indian asset management company. It was established in the year 2009 and has its headquarters in Mumbai.[8][9]
The firm offers various types of mutual fund schemes to invest in Indian equities and bonds and internationally.[10]
History
[edit]Axis Mutual Fund started its operations in 2009 with its first equity scheme, Axis Equity Fund.[11]
In April 2012, Schroders, an asset management company, acquired a 25% stake in Axis Mutual Fund.[12][13]
In September 2019, Axis Mutual Fund launched an index fund based on Nifty 100 that is known as Axis Nifty 100 Index fund.[14] On 22 January 2020, the company launched ESG fund.[15]
In May 2026, the firm suspended new subscriptions in three of its international funds.[16]
Securities and Exchange Board investigation
[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 a 2022 Securities and Exchange Board of India (SEBI) investigation into alleged front running.[17][18][19] In 2023 and 2024, the firm's top management was replaced, including its chief executive officer, chief investment officer, and chief business officer, in the hopes of restoring investor confidence.[20]
See also
[edit]References
[edit]- ↑ "Axis AMC appoints B Gopkumar as CEO & MD". Economic Times. 10 March 2023.
- ↑ "Axis Mutual Fund announces top management changes". Value Research Online. 10 March 2023.
- ↑ "Axis MF appoints Shreyas Devalkar as new equity head". The Hindu Business Line. 4 August 2023.
- ↑ "Axis Mutual Fund appoints Shreyas Devalkar as head of equities". CNBC TV 18. 4 August 2023.
- ↑ "Top 10 mutual funds in India; Nippon India Mutual Fund AUM rises 37.06% in 2023". economictimes.indiatimes.com. 16 January 2024.
- ↑ "Annual Report 2021-2022" (PDF). Axis Mutual Fund. Retrieved 1 August 2022.
- ↑ "Corporate Profile" (PDF). Axis Mutual Fund.
- ↑ "Axis Mutual Fund: Axis Mutual Fund Schemes/Returns, Axis Mutual Fund Latest NAV, Axis Mutual Fund Application Form". www.moneycontrol.com.
- ↑ "We are in a stock picker's market: Axis Mutual Fund". www.fortuneindia.com.
- ↑ "Brochure: Axis Mutual Fund" (PDF).
- ↑ Adajania, Kayezad E. (30 April 2012). "Axis mutual fund and its investors go global". Livemint.
- ↑ "UK-based Schroders AMC to buy 25% stake in Axis MF". Moneycontrol.
- ↑ "Axis MF launches new close-ended equity scheme". Business Standard India. Press Trust of India. 19 November 2013.
- ↑ "Axis Mutual Fund launches Axis Nifty 100 Index Fund". The Economic Times. 24 September 2019.
- ↑ Borate, Neil (21 January 2020). "Axis MF launches ESG fund with foreign twist". Livemint.
- ↑ "Axis Mutual Fund temporarily suspends subscriptions in three overseas schemes". www.valueresearchonline.com. Retrieved 30 August 2026.
- ↑ Upadhyay, Jayshree P. (18 May 2022). "Behind the front-running case at Axis Mutual Fund". mint.
- ↑ "Sacked Axis MF fund manager Viresh Joshi sues asset management company". The Economic Times. 23 June 2022.
- ↑ Vanamali, Krishna Veera (10 May 2022). "Should recent events at Axis Mutual Fund worry India's retail investors?". Business Standard. Retrieved 19 August 2022.
- ↑ "Two years after front-running scandal, Axis Mutual Fund schemes struggle on the return charts - CNBC TV18". CNBCTV18. 10 April 2024. Retrieved 6 August 2026.
