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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$97 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
Instead of chasing highly speculative investments, a better bet for your money is investing it into regulated assets like stocks or mutual funds through brokerages like Charles Schwab or automated ...
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.
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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.
Marcus Freeman spent his first two seasons as the Notre Dame coach chasing the playoff dream. After closing the regular season on a 10-game winning streak and getting two weeks to prepare for the ...