Axis MF, Inversion Advisory launch AIF to invest in underperforming firms

Plans to raise Rs 3,500 cr; Axis AMC to be investment manager of the fund, Inversion to provide operational and turnaround expertise

Chirag Madia Mumbai
Axis MF, Inversion Advisory launch AIF to invest in underperforming firms

Axis Asset Management Company (AMC) and telecom sector veteran Akhil Gupta-led Inversion Advisory Services have entered a partnership to invest in underperforming companies. The joint entity plans to raise Rs 3,500 crore for the proposed new alternative investment fund (AIF).
The fund will acquire controlling stake primarily in pre-stressed, stressed, distressed and other underperforming assets. Axis AMC will be the investment manager of the fund with its end-to-end investment and fund management credentials.
Inversion will provide operational and turnaround expertise for the fund. The investment manager will employ a team to evaluate potential opportunities. Inversion would provide management support to acquired companies with its team of functional and industry experts.

Also Read

Axis Bank Q4: Growth accelerates but sustainability is key, say analysts

Sebi may dilute certain clauses in controversial MF compensation circular

Axis Bank slips over 1% ahead of Q1 results today; here's what to expect

Axis Bank Q1 results: Net profit rises 94% to Rs 2,160 cr; NII up 11%

Mutual fund industry's AUM pegged to touch Rs 92 trillion by 2030

SP group to raise Rs 10,000 cr from asset sale, meet debt repayment target

Gati ramps up network capacity by 20-25%; increases workforce by 15%

Challenges abound as Tata draws up a flight plan for Air India

Language translation engine Devnagri raises $600,000 in seed round

Total value of transactions grew 23.3% QoQ to Rs 921,674 cr: PhonePe Pulse

First Published: Oct 19 2021 | 3:33 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to