The move comes as Axis Asset Management, has launched a private credit alternative investment fund (AIF), aiming to raise up to Rs 1,250 crore.
Parag Thakkar of HDFC Securities is overweight private sector banks and recommends buying IndusInd Bank, Kotak Mahindra Bank and Axis Bank. He is also bullish on selective public sector banks like SBI and Union Bank.
Market expert Ajay Bagga said that the overall situation remains worrisome and there is a possibility of an earnings downgrade in April or May. Going ahead, market will correct further and it is best to invest then.
Pankaj Murarka of Axis Asset Management advises buying quality stocks at reasonable valuations.
The market regulator is wielding an unprecedented level of control over how mutual funds operate, delaying new launches and dictating investment strategy, frustrated insiders in the embattled industry say.
On CNBC-TV18's special show 'The Informed Investor', Rajiv Anand, managing director and chief executive officer, Axis Asset Management, investment analyst Dipan Mehta, SP Tulsian of sptulsian.com and independent analyst Ambareesh Baliga give their outlook for 2013.
Schroders Plc is in talks to acquire an almost 30% stake in India's Axis Asset Management in a deal worth around Rs 130 crore.
Schroders Plc is in talks to acquire an almost 30% stake in India's Axis Asset Management in a deal worth around Rs 130 crore, two newspapers reported on Wednesday citing unnamed sources.