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.
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.