News for Axis Mutual Fund (AXISCBDPD.BO)

Axis AMC has appointed Nandik Mallik as Head – Equity and Hybrid for its upcoming Specialised Investment Funds (SIFs). With over two decades of experience, he will lead the firms efforts in this new category. SEBIs SIF framework, effective April 1, 2025, aims to bridge the gap between mutual funds and portfolio management services.

ICICI Prudential Mutual Fund has introduced the BSE Liquid Rate ETF - Growth NFO, which opened on March 5, 2025, and will close on March 10, 2025.

Ashish Gupta of Axis Mutual Fund emphasizes the need for confidence in order book to revenue conversion for select companies. He mentions increased allocation to financial services and healthcare and highlights attractive valuations in PSU utilities while advising caution on sectors affected by potential tariff changes.

Ashish Gupta of Axis Mutual Fund sees investment potential in defence and PSU sectors despite market corrections. He finds defence valuations attractive but emphasizes the importance of order book to revenue conversion. Gupta prefers private banks over PSU banks due to stronger market positioning.

Ashish Gupta of Axis Mutual Fund remains optimistic about market fundamentals despite global uncertainties. He notes improvements in GDP growth and positive economic indicators but highlights that earnings growth may be more company-specific rather than broad-based, with selective sectors showing better visibility.

The fund's open-ended structure gives investors the flexibility to use systematic investment and withdrawal options, allowing them to adjust their entry and exit based on personal goals.

A report by CIEL HR Services revealed a 69% increase in headcount in India's institutional investor sector, driven by market capitalisation growth. High job mobility is noted, with 25% of the workforce switching jobs. Women hold 27% of overall positions but only 14% of leadership roles. The sector's talent is highly qualified, with many holding advanced degrees.

Blackstone had acquired 75% of EPL for $470 million from erstwhile promoter Essel Group and public shareholders in 2019.

Ajax Engineering is offering shares in the price band of Rs 599-629 apiece which can be applied for a minimum of 23 shares and its multiples to raise Rs 1,269.35 crore.

Zepto is reportedly in talks with a host of top mutual fund houses to facilitate share sales worth $300 Mn ahead of its initial public offering (IPO)

It is too early to make that call but with regards to what would change the market momentum, we have got three large events lined up over the next 10-12 days going from budget to monetary policy in the West and domestic RBI policy as well which all three of them together would set the stage for the next few months.

Bad loan provisions also grow after millions of households loaded up on debt during ‘exuberant’ period

Consequently, the market is likely to become more stock-specific and we anticipate that high-valuation sectors may consolidate in the near term if they lack new earnings growth drivers. Nonetheless, we continue to find opportunities across the market.

Mutual fund cash reserves increased by Rs 6,937 crore, from Rs 1.80 lakh crore in November to Rs 1.87 lakh crore in December, raising cash allocation from 4.98% to 5.17%. SBI Mutual Fund, with the largest cash allocation of Rs 31,767 crore (4.61% of AUM), was among five fund houses holding over Rs 10,000 crore in cash.

Other entities implicated in the case might also approach the regulator for settlement, sources told NDTV Profit.

TCS results will give an indication of what is in store for the IT sector. The strength of the US economy and the depreciation of rupee will be tailwinds for the IT sector.

Axis Mutual Fund is renaming its All Seasons Debt Fund of Funds to Axis Income Advantage Fund of Funds with a revised investment strategy. Unit holders can exit without fees between January 15 and February 13, 2025, before changes take effect.

Front-running is a fraudulent practice where traders exploit advance knowledge of large client orders for personal profit.

The stock market in 2025 may face several risks such as earnings pressure, geopolitical tensions, trade frictions, and rate adjustments by the US Federal Reserve. Issues like smallcap and midcap market froth and the Chinese economic recovery could also impact market dynamics. Investors should be prepared for potential corrections and pressures on earnings growth.