Axis AMC eyes to collect Rs 1,500-cr from global innovation fund of funds
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Last Updated: May 06, 2021, 10:23 PM IST
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Axis Mutual Fund is looking at collecting at least Rs 1,500 crore from investors through its just-launched global fund of funds, making it the AMC s fourth international fund that collectively manage around Rs 3,000 crore of AUM.
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Axis Mutual Fund is looking at collecting at least Rs 1,500 crore from investors through its just-launched global fund of funds, making it the AMC s fourth international fund that collectively manage around Rs 3,000 crore of AUM. The new international fund of funds will invest in the Schroder international selection fund global disruption, which is a global equity fund that aims to provide capital growth by investing in companies worldwide that benefit from disruption.
March 16, 2021
Most of the ten applicants may get licences in the latest round
The Board of the pension regulator, Pension Fund Regulatory and Development Authority (PFRDA), has given its approval to award licences to pension fund managers under its recently floated Request for proposal (RFP), for selection of sponsors of pension funds for National Pension System (NPS).
It may be recalled that as many as ten applicants, including new ones such as Tata Asset Management Company, DSP Investment Managers (India) Pvt Ltd and Axis Asset Management, had made applications under the new RFP floated by the pension regulator in mid-December last year.
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