Based on early indications, the anchor portion is likely to see interest of over Rs 21,000 crore at the upper end of the price band. The anchor book opens October 3 and IPO from October 6
The Axis AMC managing director and CEO says the firm's goal is to bridge the gap between traditional fund management and the transparency offered by modern fintech platforms, empowering customers with comprehensive but easy-to-understand portfolio analysis
Axis AMC's Nachiket Naik said the roughly Rs 740 crore fund - anchored by insurers, corporate treasuries and family offices - is focused on fully secured transactions with an A- rating for the average portfolio.
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.
According to an analysis of investor returns during the past two decades — from 2003 to 2022 — by Axis Mutual Fund, retail investors' returns were the lowest and those of fund houses the highest, be it in equity or hybrid funds (2003-22) and debt funds (2009-22).
The tax department interrogated Jinesh Gopani, head of equity at Axis AMC, and Pawan Jhangiani, a dealer at Axis AMC, during search operations carried out over the past month, according to people aware of the matter.
With Axis AMC firing its chief dealer and fund manager and Invesco MF whistleblower alleging wrongdoings, a lot is happening in the mutual funds space. Should you be investing in MFs at this point? Join Sumaira Abidi in conversation with Feroze Azeez of Anand Rathi Wealth and Kalpesh Ashar of Full Circle Financial Planners to get a status check of India's mutual fund industry.
The company said it has been conducting a suo moto investigation over the last two months, since February, and used reputed external advisors to aid the investigation.
The open-ended target maturity index fund investing in constituents of the Crisil IBX SDL index-May 2027 offers high interest rate risk and a relatively low credit risk.
Axis AMC will be the investment manager of the fund, whereas, Inversion would provide management support to acquired companies with its team of functional and industry experts.
The investment by Axis AMC in the real estate developer was the first investment of real estate alternative investment fund.
There is a dichotomy between what the data is telling you and what the RBI is doing. The data is saying that inflation is under control, says Sivakumar
Rajiv Anand, MD & CEO, Axis AMC feels inflation indexed bond is a good idea to attract retail investors.
The Indian securitisation market is not seeing any takers especially after pass through certificates came under the tax department's scanner earlier this year. The task of reviving this market now falls on the finance ministry, reports CNBC-TV18's Mitra Joshi and Ashmit Kumar.
The Indian market has been weighed heavily by global and domestic uncertainties. Rajiv Anand of Axis AMC says, it certainly makes to start buying into this market at this point in time. According to him, the portfolio should be stewed towards consumption, banking and finance and to a certain degree to IT.
Disappointing most people, November inflation stuck above 9%. Inflation eased to 9.11% (MoM) versus 9.73 % in October. Vivek Rajpal, Rates Strategist of Nomura India and Rajiv Anand of Axis AMC indicated that the Reserve Bank of India (RBI) and market has expected the inflation to be around 9%.
Experts believe that the current upmove in the market is not warranted as nothing has changed significantly.
Reacting on the rate hike, Rajiv Anand, CEO of Axis AMC, told CNBC-TV18 that the RBI cannot indicate that it is anywhere near a pause, especially given the fact that headline inflation is at 9%
Samiran Chakrabarty, Head of Research, StanChart; Romesh Sobti, MD & CEO, IndusInd Bank; Rajiv Kumar, DG, FICCI; Rajiv Anand, CEO, Axis AMC; R Sridharan, MD, SBI; MV Nair, CMD, Union Bank and Soumyo Dutta, MD & Head FXLM Trading & Risk Treasury, gave their expert take on the impact of the RBI's policy making move.
On the whole, the budget does inspire some confidence in achieving at least some of the above objectives. While the budget did not envisage any bold measures and was far short of reformist, the focus still remained on fiscal consolidation with incremental steps on a number of fronts.