Mutual Fund News
RBI Monetary Policy: Read between the lines
With inflation as the top agenda for the central bank, the MPC action today can be perceived as a tad 'hawkish'. Uncertainty on account of El-Nino patterns and external forces are likely factors affecting the MPC's thought process. The big story was a surprise CRR action on incremental deposits raising eyebrows across... Read More
LIC Mutual Fund Announces Completion of IDBI MF Schemes Merger
Mumbai, July 31, 2023: LIC Mutual Fund (LIC MF), one of the reputed fund houses in the Indian asset management industry, has announced the successful completion of the takeover of schemes of IDBI Mutual Fund (IDBI MF). The effective date of merger has July 29, 2023. The move is in line with LIC MF's mission to strengthen... Read More
Building sustainable excellence
What is the hallmark of great sporting champions? They may not win every single match, but everyone believed that they would give a stellar performance whenever they set foot on the field. The consistency of their wins dwarf the losses; and they are known for longevity, consistency, patience, discipline and managing risks by... Read More
Axis Mutual Fund launches Axis Nifty IT Index Fund
Mumbai, June 26, 2023: Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – Axis Nifty IT Index Fund, an open-ended index fund tracking the NIFTY IT TRI. Mr. Hitesh Das (Fund Manager) would be managing the fund. Axis Nifty IT Index Fund will track the NIFTY IT TRI... Read More
RBI Monetary Policy: Non Committal
The RBI kept rates unchanged in a widely expected monetary policy announcement. The MPC also decided by a majority of 5 of 6 members to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. Inflation estimates lowered to 5.1% for FY 2024 & RBI... Read More
Axis Mutual Fund appoints Vandana Trivedi as the Head for Institutional Business & Passives
Axis Mutual Fund, one among the fastest growing fund houses in India, is pleased to announce the appointment of Ms. Vandana Trivedi as Head of Institutional and Passive Businesses. In her new role, she will be responsible for developing and leading the sales strategy and client relationship management for institutional clients... Read More
Demonetization 2.0: Withdrawal of Rs 2000 Notes
RBI yesterday announced withdrawal from circulation of Rs 2,000 notes and have given time to deposit the same with banks up to 30th September 2023. Also a withdrawal of Rs 20,000 per person per day of notes in exchange is allowed. First resemblance of such an announcement would be a comparison with 2016 demonetization... Read More
Does Indus Valley need to fear Silicon Valle
The financial world has been grappling with the fallout from the collapse of a few banks in the West. In this note, we are taking a look at the potential impact on the Indian banking system. At the outset let us remember that the direct impact is limited. Most of Indian banks have limited global exposure and none have reported any significant... Read More
Axis Mutual Fund: RBI Monetary Policy
The Reserve Bank of India surprised the market with a pause in its rate hike campaign leaving the policy repo rate unchanged at 6.50%. The RBI Governor emphasized that this pause was only for this meeting and the Monetary Policy Committee wouldn’t hesitate to act as needed in future meetings to bring inflation down. The MPC... Read More
Confidence over Capital: Indian Banks fare better
The month of March 2023 saw a slew of US regional banks facing a crises of confidence resulting in panic across respective deposit bases and ultimately a collapse of some banks. The situation was compounded as Credit Suisse, one of the world’s largest banks was hastily forced into a takeover deal by the Swiss National Bank... Read More
Views: Finance Bill 2023
Investment in mutual funds (where not more than 35 percent is invested in equity shares of domestic companies) that are bought on or after April 1, 2023, will be taxed as short-term capital gains at applicable tax rates. That is, capital gains from debt funds, international funds and gold funds, irrespective of their holding... Read More
Axis MF launches Axis S&P 500 ETF Fund of Fund
Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – Axis S&P 500 ETF Fund of Fund (an open ended fund of fund investing in Exchange Traded Funds replicating S&P 500 TRI, subject to tracking errors). The new fund will adhere to the S&P 500 TRI (INR) benchmark... Read More
Axis Mutual Fund launches Axis Nifty G Sec September 2032 Index Fund
Mumbai, March 03, 2023: Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – Axis NIFTY G-Sec September 2032 Index Fund. It is an open-ended target maturity debt index fund investing in constituents of the NIFTY G-Sec September 2032 Index. Aditya Pagaria... Read More
BRSR: Making ESG accessible
India has taken several strides in the fight for environmental, social & governance aspects that have historically plague economies and industry. The thrust towards sustainability has won laurels from all major global powers given the longevity of the goal and possible economic impacts. Sustainability reporting in India will make a big... Read More
Can India be at the cusp of a new capex cycle
The productive capacity of an economy is acquired from the fixed assets formation in its industries. Capital expenditure (Capex) is incurred when a business entity invests to capture additional market opportunities. Long term economic growth takes place when such capital expenditure is undertaken for new projects, or for expansion... Read More
Recent News
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RBI Monetary Policy: Under Control
Feb 8, 2023
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Axis Mutual Fund launches Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund
Feb 7, 2023
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Budget 2023: Strengthening the growth ship
Feb 2, 2023
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Axis Mutual Fund launches Axis Business Cycles Fund
Jan 30, 2023
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Axis Mutual Fund launches Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund
Jan 4, 2023
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