Axis Mutual Fund

Axis MF launches new fund that tracks NBFC's, housing finance sectors

Fund will mature on June 30, 2027, primarily invest in AAA-rated debt instruments in NBFC and HFC sectors

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 launches a new Momentum Fund: Key features of the scheme explained

By focusing on stocks with strong upward trends, the fund aims to deliver superior long-term returns.

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

50 bps cut in interest rate likely by March 2025: Axis Mutual Fund

In an interview with Abhishek Kumar in Mumbai, Shah says this view may not hold true if commodity prices go up sharply

Factor investing gets popular: Axis Nifty500 Value 50 Index Fund launched

tor globally. The scheme objective is to invest in stocks comprising the Nifty500 Value 50 Index (the index).

Axis MF front-running case: ED conducts searches in Mumbai, Kolkata

Front-running involves using confidential information on institutional trades to make investment decisions, potentially impacting stock prices

ED seizes Rs 12.9 lakh in Axis Mutual Fund's alleged front-running case

Front-running is a market malpractice of making personal gains by trading in securities ahead of large client orders

PGIM India MF launches multicap fund; Axis MF floats consumption fund

Axis Mutual Fund on Thursday announced the launch of a consumption fund which will invest in firms across sectors like FMCG, consu­mer discr­etionary, retailing, auto, and realty

Axis Mutual Fund, Morgan Stanley, Societe Generale pick stake in Jyoti CNC

Two individuals on Monday divested a 4.2 per cent stake in Jyoti CNC Automation for Rs 1,079 crore via open market transactions while Axis Mutual Fund, Morgan Stanley and Societe Generale picked up shares in the company. A total of 96.05 lakh shares or 4.2 per cent stake in Jyoti CNC Automation was pared by the two public shareholders, Paresh Mohanlal Parekh and Vijay Mohanlal Parekh. According to the bulk deal data available on the National Stock Exchange (NSE), Vijay Mohanlal Parekh offloaded 48.02 lakh shares of Jyoti CNC Automation while Paresh Mohanlal Parekh sold 45.41 lakh scrips of the company. In addition, Paresh Parekh also disposed of 2.60 lakh shares of Jyoti CNC through a block deal on the BSE. The shares were offloaded in the price range of Rs 1,123-1,125.15 apiece on the BSE and NSE, taking the combined value of the transaction to Rs 1,079.40 crore. At the June quarter ending, Vijay and Parekh owned a 7.52 per cent stake each in Jyoti CNC Automation, as per the ...

Election volatility over? Axis MF recommends top investment picks for you

Potential volatility after highs, focus on long-term investing & key sectors like consumption, infrastructure, and pharma

Nearly 72% women now take investment decisions independently, says study

Proportion of women investors using fintech channels has skyrocketed from 14 per cent to 55 per cent in just five years

Axis Mutual Fund launches Axis Nifty 500 Index Fund: Check details

The fund will invest in India's largest 500 companies listed on the NSE

Timken India promoter pares 6.6% stake for Rs 1,956 cr through open market

Timken Singapore Pte, promoter of bearings-maker Timken India, on Tuesday offloaded a 6.6 per cent stake in the company for Rs 1,956 crore through open market transactions. Axis Mutual Fund (MF), Nippon India MF, UTI MF, HDFC Life Insurance, Morgan Stanley Asia Singapore, BofA Securities Europe SA, Singapore government and Monetary Authority of Singapore were among the buyers of Timken India's shares. Timken Singapore Pte offloaded a total of 50 lakh shares in 17 tranches through separate block deals on the BSE. As per the data, Timken Singapore sold 50 lakh shares, amounting to a 6.6 per cent stake in Bengaluru-based Timken India. The shares were disposed of at an average price of Rs 3,913.35 apiece, taking the deal value to Rs 1,956.67 crore. After the share sale, shareholding of Timken Singapore Pte has reduced to 51.06 per cent from 57.70 per cent in the company. On Tuesday, shares of Timken India rose 2.78 per cent to close at Rs 4,062.80 apiece on the BSE. In June last year

Axis Mutual Fund launches Sensex index fund, aims Rs 100 cr NFO collection

Axis Mutual Fund on Tuesday announced the launch of a new fund from which it targets to collect at least Rs 100 crore during the primary subscription period. The Axis Sensex index fund is an open-ended scheme tracking the S&P BSE Sensex, and opens on February 8 and closes on 22nd. Considering the wide spectrum of sectors and the largest companies the index covers, it offers investors a diversified portfolio and an opportunity to participate in the growth story of various sectors with a single index, said B Gopkumar, MD & CEO. On the rationale behind the fund, he said passive investing is becoming more and more acceptance today and the new fund recognises the need to provide an investment option that aligns with the evolving preferences of today's investors. Ashish Gupta, Chief Investment Officer told PTI that the fund house is targetting to raise at least Rs 100 crore during the subscription period.

Rate impact, inflation decline: Axis MF forecasts 2024 as year of contrast

Citing the recent state election results, the note stated that the risks from the general election are low

Axis Mutual Fund's thematic fund collects Rs 3,400 cr in NFO period

Axis Mutual Fund on Friday said it has collected over Rs 3,400 crore from the New Fund Offering (NFO) of its manufacturing scheme. Axis India Manufacturing Fund, an open-ended equity scheme, was open during December 1-15. The thematic fund received robust participation from investor segments from over 500 locations in the country and garnered close to 1.5 lakh applications, Axis Mutual Fund said in a statement. Further, fresh inflows accounted for nearly 70 per cent of the applications and the digital channel witnessed an overwhelming participation as well, contributing to nearly 20 per cent the total applications. "A significant 10 per cent of the applicants opted for long-term investments through SIPs (Systematic Investment Plans). Almost 30 per cent of the investors who invested in the NFO were new to Axis Mutual Fund, advocating their faith in us," B Gopkumar, MD and CEO, Axis AMC, said.

Alipay sells entire 3.44% stake in Zomato, Axis MF unveils new fund scheme

WhiteOak Capital Mutual Fund on Wednesday anno­unced the launch of new fund offer (NFO) - Large & Mid Cap Fund, an open-en­ded equity scheme investing in both largecap and midcap stocks

India's options skew points to gamification, says Axis Mutual Fund

The derivatives market comprises futures and options, with contracts available on index and individual stocks

Jinesh Gopani quits Axis MF, to start own asset management venture

Devalkar has been with the fund house for over seven years and has been managing its bluechip, mid-cap, small-cap and flexi-cap funds