<p>Bengaluru: Asset management company Axis Mutual Fund is confident about closing the ongoing financial year with Rs 2.85 lakh crore in total assets under management, company managing director and chief executive B Gopkumar told <em>DH</em>. Presently, the figure stands around Rs 2.70 lakh crore.</p>.<p>“We have around Rs 1.6 lakh crore in equity funds and the rest on fixed income side,” Gopkumar elaborated.</p>.<p>The quantum of unique investor accounts on the platform is expected to grow 10-12%, as Axis Mutual Fund adds another 40 branches before the end of FY24.</p>.<p>“We’re doing two things - strengthening our distribution, and investment teams. We’ll have 9 fund managers, we’ve already announced 6 and we’ll have three more,” he said. Axis Mutual Fund has strengthened its workforce with 200 new employees so far this fiscal.</p>.<p>In FY25, the Axis Bank subsidiary expects 26-27% growth in revenue to capture a 6.5% market share, from 5.5% currently, Gopkumar said.</p>.<p>Currently, the company’s equity portfolio is focused on business-to-consumer companies as the brand remains bullish on further improvement in consumption demand.</p>.<p>Speaking on industry trends, Gopkumar attested to a growing number of investors opting for mutual funds over fixed deposits as their first choice of instrument. Moreover, the average age of a mutual fund investor has declined with this new set of investors joining the fray.</p>.<p>He attributed this feat to increasing formalisation and digitisation in the economy in the past 3-4 years. “Ease of investing has also changed, it is all electronic now,” he added.</p>.<p>Elaborating on the challenges in the industry, he highlighted the need for a higher number of financial advisors. Furthermore, “We have to keep up the regulatory pace,” he added.</p>.<p>As of November 2023, the AMC’s star performer was the Axis Smallcap Fund, which delivered 28.37% in annual returns. It was closely followed by the Value and Multicap Funds, which delivered 25.21% and 24.61%, respectively.</p>.<p>“Look at your risk profile and look at your financial planning very critically,” is Gopkumar’s quick advice for a prospective investor.</p>
<p>Bengaluru: Asset management company Axis Mutual Fund is confident about closing the ongoing financial year with Rs 2.85 lakh crore in total assets under management, company managing director and chief executive B Gopkumar told <em>DH</em>. Presently, the figure stands around Rs 2.70 lakh crore.</p>.<p>“We have around Rs 1.6 lakh crore in equity funds and the rest on fixed income side,” Gopkumar elaborated.</p>.<p>The quantum of unique investor accounts on the platform is expected to grow 10-12%, as Axis Mutual Fund adds another 40 branches before the end of FY24.</p>.<p>“We’re doing two things - strengthening our distribution, and investment teams. We’ll have 9 fund managers, we’ve already announced 6 and we’ll have three more,” he said. Axis Mutual Fund has strengthened its workforce with 200 new employees so far this fiscal.</p>.<p>In FY25, the Axis Bank subsidiary expects 26-27% growth in revenue to capture a 6.5% market share, from 5.5% currently, Gopkumar said.</p>.<p>Currently, the company’s equity portfolio is focused on business-to-consumer companies as the brand remains bullish on further improvement in consumption demand.</p>.<p>Speaking on industry trends, Gopkumar attested to a growing number of investors opting for mutual funds over fixed deposits as their first choice of instrument. Moreover, the average age of a mutual fund investor has declined with this new set of investors joining the fray.</p>.<p>He attributed this feat to increasing formalisation and digitisation in the economy in the past 3-4 years. “Ease of investing has also changed, it is all electronic now,” he added.</p>.<p>Elaborating on the challenges in the industry, he highlighted the need for a higher number of financial advisors. Furthermore, “We have to keep up the regulatory pace,” he added.</p>.<p>As of November 2023, the AMC’s star performer was the Axis Smallcap Fund, which delivered 28.37% in annual returns. It was closely followed by the Value and Multicap Funds, which delivered 25.21% and 24.61%, respectively.</p>.<p>“Look at your risk profile and look at your financial planning very critically,” is Gopkumar’s quick advice for a prospective investor.</p>