Search results
Results from the WOW.Com Content Network
Axis Mutual Fund started its operations in 2009 with its first equity scheme, Axis Equity Fund. [12] In April 2012, Schroders, an asset management company, acquired a 25% stake in Axis Mutual Fund. [13] [14] In September 2019, Axis Mutual Fund launched an index fund based on Nifty 100 that is known as Axis Nifty 100 Index fund. [15]
The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$590 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$95 billion) recorded in December 2013.
Axis Direct provides a 3-in-1 Online Investment Account [2] which is a combination of Axis Bank Savings along with an Axis Direct trading and Demat account services: Equities – Invest online in stocks of listed companies; Mutual Funds – Invest in mutual funds including equity, hybrid, tax saving or debt schemes from asset management companies
As befits the sometimes high-risk nature of stock picking, the term "blue chip" derives from the card game poker.The simplest sets of poker chips include white, red, and blue chips, with American tradition dictating that the blues are highest in value.
1991 – Launch of SBI Magnum Equity Fund [14] 1999 – Launch of sector funds, India's first contra fund: SBI Contra Fund [15] 2001 – Involvement in Ketan Parekh Scam SBI Mutual Fund, according to the CBI charge-sheet, purchased 22 lakh shares at Rs 165 each in February 2000 through off-market deals from Ketan Parekh-controlled firms.
Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra. [8] It is India's third largest private sector bank by assets and fourth largest by market capitalisation.
A stock fund, or equity fund, is a fund that invests in stocks, also called equity securities. [1] Stock funds can be contrasted with bond funds and money funds . Fund assets are typically mainly in stock, with some amount of cash , which is generally quite small, as opposed to bonds , notes, or other securities .
The survey polls America's top business economists, collecting their forecasts of U.S. economic growth, inflation, interest rates, and a host of other critical indicators of future business activity. [1] It has a sister publication called Blue Chip Financial Forecasts, which surveys forecasts of the future direction and level of U.S. interest ...