Axis AMC

Present MD and CEO Chandresh Nigam to leave the AMC after a 14-year stint

'Equity fund selection depends upon an individual's risk profile. But if I were to choose one, it would be the flexicap'

Axis Mutual Fund expects to mop up at least Rs 200 crore from its new fund offer that tracks the Nifty' SDL or state government securities during the primary sales period. The open-ended target maturity index fund will invest in the constituents of the Nifty SDL September 2026 index, the fund house said in a statement on Friday. The New Fund Offer (NFO) opens on Friday and closes on November 16, it said without disclosing how much the company is targeting to garner. However, Raghav Iyengar, the chief business development officer at the fund house, told PTI that the company has set an internal target of garnering at least Rs 200 crore during the NFO. The company said the fund, which has no exit load, will be managed by Aditya Pagaria. Being a debt fund backed by the respective states, the NFO is an open-ended target maturity index fund and has relatively high interest rate risks and relatively low credit risks. The investment objective of the scheme is to provide investment returns

Axis Mutual Fund is targeting to garner Rs 100 crore from its Nasdaq 100 fund of fund during the primary sales period, a company official said on Thursday. The open-ended fund of fund scheme, open for subscription from Friday through October 21, will invest in the overseas units of exchange traded funds (ETFs) focused on the Nasdaq 100 index, the fund house said on Thursday while announcing the NFO from Friday. "We are targeting to mobilise at least Rs 100 crore from the new offering during the new fund offer period," Raghav Iyengar, the chief business development officer at the fund house, told PTI when asked about the corpus being targeted. He said the new fund of fund will be investing in some overseas ETFs tracking the Nasdaq 100 index such as the Xtrackers Nasdaq 100 UCITS ETF, iShares Nasdaq 100 UCITS ETF, and Invesco EQQQ Nasdaq-100 UCITS ETF among others, and will be managed by Hitesh Das, who is the fund manager at Axis AMC's overseas investments. On the exit charges, he s

Anand joined Axis AMC in 2009 and was its founding MD and CEO. He subsequently went on to become the President (Retail Banking) of Axis Bank in 2013 and then joined the bank's board in 2016

Deepak Agrawal was under probe for alleged irregularities. His exit follows that of chief trader and fund manager Viresh Joshi

Deepak Agrawal was under probe for alleged irregularities. His exit follows that of chief trader and fund manager Viresh Joshi

The reason for termination was not given. Earlier, Axis AMC had also suspended Joshi and Deepak Agarwal

Indian equity mutual funds have lured billions of dollars in inflows over the last couple of years amid a retail-investing boom

Axis Mutual Fund on Wednesday launched an exchange-traded fund focused on technology stocks.

Axis Special Situations Fund will tap domestic and global markets; UTI Small Cap Fund will invest in small cap stocks.

The outflows seen in March are a quarterly and annual phenomenon whereby some institutional and corporate investors redeem and re-invest at the start of the new quarter/year, says Sivakumar

The strategy has paid off for Axis. Its largest fund, Axis Long Term Equity Fund, has delivered an annual return of over 12 per cent over the past five years, beating 96 per cent of peers

The fund is targeting investments (through structured debt route) in the top-eight cities of the country

It has hired real estate funds veteran Balaji Rao to head the business and build a core team of eight to 10 people in the investment and asset management verticals