Axis Amc

Rally in long bonds nears end as key drivers weaken, says Axis AMC

Axis AMC warns that the rally in long-duration bonds may be over amid weak demand-supply dynamics, policy shifts, and reduced scope for aggressive rate cuts

Prashant Tripathy to step down as Axis Max Life MD & CEO in September

Axis Max Life CEO Prashant Tripathy to step down by September-end after six years at the helm; board to begin search for successor, subject to regulatory nods

Axis AMC, five others settle frontrunning-related case with Sebi

According to Sebi's settlement regulations, cases can be settled without admitting or denying the allegations

Momentum Investing: Axis Nifty500 Momentum 50 Index Fund NFO opens today

Axis Mutual Fund launches Nifty500 Momentum 50 Index Fund NFO; here is all you need to know

Axis AMC, Axis MF Trustee pay Rs 16.57 lakh to settle case with Sebi

Axis Asset Management Company (Axis AMC) and Axis Mutual Fund Trustee on Tuesday settled with markets regulator Sebi a case related to an alleged violation of mutual fund norms by paying Rs 16.57 lakh. Axis AMC is the investment manager of Axis Mutual Fund. The SCN was issued to Applicant 1 (Axis AMC) as it has incurred the excess expenses of the mutual fund scheme, thereby allegedly violating the Sebi rules, whereas Axis Mutual Fund Trustee (applicant 2) by not ensuring the compliance of Applicant 1 with the Mutual Fund regulations, Sebi said in the order. The order came after the applicants proposed to settle the instant proceedings initiated against them, without "admitting or denying the findings of facts and conclusions of law". The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings against the Axis AMC for the alleged violation of Sebi rules and against the Axis Mutual Fund Trustee Ltd for the alleged violation of Mutual Funds rules. Thereafter,

Axis MF announces new Target Maturity Fund , says offer has moderate risk

Fund plans to invest 95-100% of its assets in fixed-income instruments that mirror the CRISIL-IBX AAA Financial Services - Sep 2027 Index

Current valuations offer no safety net for negative surprises: Axis AMC CIO

Maintaining the current capex pace as a percentage of GDP would be a favourable outcome, said Ashish Gupta

Axis AMC elevates R Sivakumar as head of the corporate strategy

Fixed income investment team is now being headed by Devang Shah

Govt should leverage PSU rally to maintain the pace of capex: Axis AMC

A well-executed PSU divestment strategy could yield far-reaching benefits for the Indian economy

Axis AMC expects to garner Rs 100 cr from US treasury dynamic bond ETF

Axis Mutual Fund on Tuesday launched an open-ended fund of ETF -- wherein the underlying investments comprise US treasury securities -- and is expecting to garner at least Rs 100 crore in the opening week. The seventh largest fund house expects to mop up at least Rs 500 crore from the US treasury dynamic bond ETF in the next one year. The fund house said the NFO, which will be managed by Vinayak Jayanath, will close on December 19. If redeemed/switched-out within one month from the date of allotment, the fund house will charge an exit load of 0.25 per cent, it said, adding that if redeemed after one month from the date of allotment, there will be no such charges. The ETF is benchmarked against the Bloomberg US intermediate treasury index, and has the primary investment objective of providing regular income by investing in units of overseas ETFs, B Gop Kumar, the chief executive of the company, said.

Another thematic offering: Now, Axis MF launches an India manufacturing fund

The open-ended equity scheme has been benchmarked against the Nifty India Manufacturing TRI and will open on December 1, 2023

Axis AMC eyes Rs 3 trillion AUM by March; expects Rs 2,500 cr from new fund

Axis Mutual Fund on Wednesday launched a manufacturing fund and has set a target of collecting at least Rs 2,500 crore during the offer period. The Axis Bank subsidiary which competes with 44 other players, is also eyeing around Rs 3 lakh AUM by the end of this fiscal, given the market rally. The fund house opened the year with an AUM (assets under management) over Rs 2.25 lakh crore. The open-ended equity scheme represents the manufacturing theme and opens for subscription from December 1 and closes on December 15. The fund will track Nifty manufacturing index and will be managed by Shreyash Devalkar and Nitin Arora, the company announced here. If 10 per cent of the investment is redeemed/switched within 12 months from the date of allotment there will be no exit load, while for the remaining investment there will be a 1 per cent charge, B Gop Kumar, managing director & chief executive of the fund house said. On the overall AUM target for the year, Kumar said the growth has been

Axis AMC names B Gopkumar as CEO, Ashish Gupta as chief investment officer

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

Tax parity will give MFs a level playing field: Axis AMC's Chandresh Nigam

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

Axis AMC eyes Rs 200 crore from new state securities-focused fund

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 AMC eyes Rs 100 cr from Nasdaq 100 fund of fund during primary sales

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

Axis Bank reappoints Rajiv Anand as Dy Managing Director for three years

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

Axis MF sacks second fund manager in two days, assigns no reason

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

Axis MF sacks second fund manager in two days, assigns no reason

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

Axis AMC sacks chief dealer Viresh Joshi over front-running allegations

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