Introduction To AXIS Mutual Fund
Axis Asset Management Company Ltd., formally known as Axis Mutual Fund, is one of India's leading asset management companies. Established in 2009, it is a joint venture between Axis Bank, one of India’s largest private sector banks, and Schroder Singapore Holdings Private Limited (SSHPL), a London-based global investment management firm. Axis Bank holds a 74.99% stake, while SSHPL holds the remaining 24% in the AMC. As of September 30, 2024, Axis Mutual Fund reported a robust Assets Under Management (AUM) of ₹3.18 lakh crores, accounting for 4.74% of the total Indian mutual fund industry’s AUM, which stood at ₹67.09 lakh crores. The firm’s impressive growth is driven by its wide range of over 66 mutual fund schemes, including 15 equity schemes, 15 debt schemes, 6 hybrid schemes, and 30 other specialized funds.
The company has consistently focused on long-term wealth creation, customer-centric communication, and fostering long-term relationships with investors. Axis Mutual Fund operates on three core pillars:
1. Outside-in view – Communicating with customers in a language they understand, aiding informed investment decisions.
2. Long-term wealth creation – Encouraging investors to adopt a long-term investment strategy that significantly contributes to their wealth management.
3. Building long-term relationships – Fostering relationships that go beyond mere financial transactions.
The firm serves over 1.26 crore active investor accounts and has a presence in more than 100 cities across India. Axis Mutual Fund’s flagship schemes, such as Axis ELSS Tax Saver Fund, Axis Bluechip Fund, and Axis Midcap Fund, are among the largest in the country. The AMC also boasts a global presence, with 31 investment teams operating across 19 countries, spanning the Middle East, Europe, America, and Asia.
Axis Mutual Fund's growth trajectory and its commitment to delivering value to its investors have solidified its position as one of India's top 10 mutual fund houses. The firm operates with a customer-first mindset and is dedicated to helping investors make well-informed, long-term investment decisions that lead to substantial wealth growth.
Key Information
Mutual Fund Name | Axis Mutual Fund |
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Asset Management Company Name | Axis Asset Management Company Limited |
Incorporation Date | 13 January, 2009 |
Setup Date | 4 September, 2009 |
Headquarters | Mumbai, India |
CEO | Mr. B. Gopkumar |
Investors Relations Officer | Mr. C P Shivkumar Nair |
Total AUM (as of September 30, 2024) | Rs. 3,18,328.62 Crores |