Axis MF appoints Chandresh Nigam as MD & Chief Executive

Axis Mutual Fund today appointed Chandresh Nigam as its Managing Director and Chief Executive Officer.

 

Nigam was till now managing products across asset classes at the asset management arm of private sector lender Axis Bank.

 

Axis Bank Managing Director and CEO Shikha Sharma said: "His (Nigam) deep knowledge and rich experience in the area of investments, that too across various markets, will indeed help our asset management business attain leadership position in the years to come."

 

The private mutual fund company, which has 25 schemes, had an average assets under management (AUM) of Rs 12,114 crore as on March 31.

 

 

Axis AMC is a joint venture between India's leading private sector bank and UK based asset management company, Schroders.