“India’s growth trajectory is expected to remain on a strong course supported by a recovery in capex and industrial activity,” said Gupta, adding that these, among other factors, should continue attracting investors to invest in India. Edited Excerpts: Q. What are your views on the current market conditions and which sector do you think will …
Axis Mutual Fund has revealed the successful accumulation of more than ₹3,400 crores in the Axis India Manufacturing Fund. This thematic fund was introduced to deliver long-term capital appreciation through investments in equity and equity-related securities of companies aligned with the manufacturing theme. From December 01 to December 15, 2023, this new fund offer (NFO) …
Axis Mutual Fund announced the launch of the Axis India Manufacturing Fund, an open-ended equity scheme representing the Indian manufacturing theme. The scheme opened for public subscription on December 01, 2023, and will close on December 15, 2023. The scheme re-opens for continuous sale and repurchase within five business days from the date of allotment. …
In May 2022, the asset management company (AMC) sacked its chief dealer Viren Joshi, for suspected front-running. Market regulator Sebi, in February this year, restrained Joshi and 20 entities from accessing the capital markets. Front-running refers to individuals aware of upcoming large trades putting their own order first so as to profit when the large …
Ashish Gupta, chief investment officer of Axis Mutual Fund, said the mutual fund industry in India, which currently has assets under management (AUM) of ₹46 trillion, is growing rapidly and it will get the next ₹40 trillion in just five years. Gupta said the industry has been doubling its AUM roughly every five years since …