Axis Mutual Fund

Axis Mutual Fund
Company type	Joint venture
Industry	Investment management
Founded	2009; 15 years ago
Headquarters	Mumbai, India
Area served	India
Key people	B.Gopkumar (MD & CEO); Shreyas Devalkar (head of equity)
Products	Mutual funds; Exchange-traded funds; Index funds; Fund of funds; Gold exchange-traded products; Commodities; Asset management; Government bonds; Corporate bonds; Real estate investment trust; Risk management;
AUM	₹263,740 crore (US$33 billion) (December 2023)
Owner	Axis Bank (75%); Schroders (25%)
Website	www.axismf.com
	Footnotes / references;

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]

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". Groww. Retrieved 14 February 2022.
^ "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.
^ 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.

External links[edit]

Official website

[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.

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