Axis Mutual Fund

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, 2024, the AMC has reported Assets Under Management (AMU) for schemes of Axis Mutual Funds at Rs. 2.74 lakh crores.

It has 31 investment teams operating across 19 nations in the Middle East, Europe, America, and Asia. The product lineup of Axis Mutual Fund includes over 53 different schemes. It is present in over 100 cities and has over 98 lakh active investor accounts.

1. Mr. Jinesh Gopani

Jinesh Gopani has a combined experience of 13 years in capital markets. Out of that, he spent 4 years in managing equity funds. An MMS in Finance from Mumbai University, he has been the Fund Manager of Equities at Axis Asset Management Company Ltd. since 2011. He held the post of Assistant Fund manager of Equities prior to this position.

Before becoming part of Axis Mutual Fund, he was associated with Birla Sun Life Asset Management Company Ltd. as the Portfolio Manager. He was also the Portfolio Manager and Research Analyst at Voyager India Capital Pvt. Ltd. earlier.

The key funds that Mr. Gopani manages are Axis Long Term Equity Fund, Axis Growth Opportunities Fund, and Axis Focused 25 Fund.

2. Mr. Shreyash Devalkar

Shreyash Devalkar is a Bachelor of Chemical Engineering degree from UDCT, Mumbai and an MMS in Finance from Jamnalal Bajaj Institute of Management Studies.

Mr. Devalkar began his career as an Executive Engineer at Larsen & Toubro Limited back in 1999. He then moved on to become a manager at Calyon Bank in 2003. In 2004, he was hired as an Analyst at JP Morgan Services India Ltd. From there, he went on to become the Vice President of Research at IDFC Capital Ltd. Mr. Devalkar later on became the Vice President of Investments at IDFC Asset Management Company Ltd.

BNP Paribas Asset Management India Private Ltd hired him as an Equity Analyst in the PMS division in 2011. The same year, he became the Fund Manager of Equities of the same company.

Mr. Devalkar has served as the Senior Fund Manager of Axis Bank Mutual Fund investment schemes since 2016.

Some of the key funds that Shreyash Devalkar manages include Axis Multicap Fund, Axis Mid Cap Fund, and Axis Bluechip Fund. The Axis Bluechip Fund registered a 21.5% return in FY 2017-18, a considerable growth compared to Bluechip Funds of other AMCs.

3. Mr. Ashish Naik

Ashish Naik is a PGDBM in Finance and Marketing from XLRI, Jamshedpur. He is also a Chartered Financial Analyst (CFA) and Financial Risk Manager (FRM). Mr. Naik also holds a degree in Bachelor in Computer Engineering from the University of Mumbai.

He initially began his career as a Software Engineer from Hexaware Technologies. He later on joined Goldman Sachs as a Sell-side Equity Research Analyst and performed various duties like creating financial models for Korean and Malaysian banks.

Mr. Naik joined Axis Mutual Fund in 2009 as a Research Analyst. His primary roles included risk analysis, portfolio performance, marketing mutual funds, analysing industry structure, etc.

He received the position of Assistant Fund Manager at Axis in 2016 and Fund Manager in 2018.

The key funds that Ashish Naik manages include Axis Regular Saver Fund, Axis Equity Hybrid Fund, Axis Children’s Gift Fund - Compulsory Lock-In, Axis Triple Advantage Fund, and Axis NIFTY ETF.

4. Mr. R. Sivakumar

R. Sivakumar holds a BTech degree from the Indian Institute of Technology, Madras and an MBD degree from the Indian Institute of Management, Ahmedabad.

He started his career as a Research and Investment Analyst in Zurich India AMC & ITC Threadneedle AMC back in 1998. Mr. Sivakumar has also been the Fund manager of Fixed Income at Sundaram Asset Management Company Ltd. He has also played the role of Fund Manager in Fortis Investments, where he later became the Chief Operating Officer.

R. Sivakumar is currently the Head of Fixed Income at Axis Mutual Fund in India since 2009.

Some of the key schemes that he manages are Axis Triple Advantage Fund, Axis Equity Saver Fund, Axis Equity Hybrid Fund, Axis Dynamic Equity Fund, Axis Dynamic Bond Fund, and Axis Children’s Gift Fund - Compulsory Lock-In.

5. Mr. Hitesh Das
He has done PGDM, M.Tech, and B.Tech. Before joining Axis Mutual Fund, he worked with Credit Suisse Securities (India) Pvt. Ltd., Barclays Securities India Pvt. Ltd., Yes Bank, Ebusinessware (India) Pvt. Ltd.

6. Mr. Aaditya Pagaria
He holds a Bachelor in Management Studies and also a Post Graduate Diploma in Business Management from the Institute Of Technology And Management, SK Somaiya College.
Before associating with Axis AMC, he was a part of ICICI Prudential AMC as Fund Manager - Fixed Income Operations.

7. Mr. Devang Shah
He is the Deputy Head - Fixed Income at Axis AMC. Before joining Axis AMC, he was associated with ICICI Prudential AMC as a Fund Manager. His primary responsibility at Axis AMC is to analyse and manage top-quartile performance for all funds, along with addressing client relationship.

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