Axis Asset Management Company Ltd., the formal name of Axis Mutual Fund, is the mutual fund investment wing of Axis Bank, one of the largest private banks in India. 74.99% share of the AMC is held by Axis Bank while the rest 24% is held by Schroder Singapore Holdings Private Limited.
The Axis MF AMC was incorporated back in October 2009 and has since abided by its three pillars:
I. Outside-in view – Communicate with customers in their language to assist better in taking the right investment decision.
II. Long-term wealth creation – Encourage investors to create a long-term investment strategy and play a critical role in their wealth management.
III. Long-term relationship – Build relationships beyond finances.
As of March 31, 2022, the AMC has reported Assets Under Management (AMU) for schemes of Axis Mutual Funds at Rs. 2,60,335.18 for the quarter.
It has 31 investment teams operating across 19 nations in the Middle East, Europe, America, and Asia. The product lineup of Axis MF includes over 53 different schemes. It is present in over 100 cities and has over 98 lakh active investor accounts.
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