News for Axis Mutual Fund (AXISCBGPG.BO)

Axis Mutual Fund announced on Tuesday that it has joined the Open Network for Digital Commerce or ONDC network, to facilitate transactions in Axis Mutual Fund schemes. This integration marks a significant step toward making mutual fund investments in its schemes more accessible, affordable, and inclusive, particularly for investors of Axis MF in underserved markets, according to an official release.

Mutual funds' cash holdings rose to Rs 2.05 lakh crore in March 2025 from Rs 1.87 lakh crore a month earlier. SBI MF held the highest cash amount, while PPFAS led in percentage terms. Overall, 22 fund houses had under Rs 1,000 crore, highlighting varying liquidity strategies across the industry.

Stocks in China and Hong Kong plunged 7.3% and 13.2%, respectively, as Beijing announced tariff retaliation. Japan tumbled 7.8%, South Korea dropped 5.6% and Taiwan slumped nearly 10%. China and Hong Kong had resumed trading on Monday after a holiday.

India Business News: MUMBAI: Axis Mutual fund, along with five other entities, has settled a case of front running by its former head of dealing Viresh Joshi by paying Rs .

It alleged that as the majority of the active trades of the AMC were concentrated with one dealer, namely Joshi, the dealing room activities were with one dealer. In the absence of dealers, AMC had made a temporary arrangement with an equity research analyst and investment associate who could be assigned the role of alternate dealers.

The settlement was reached following an application filed by the entities whereby they proposed to settle the alleged violations ’by neither admitting nor denying the findings of fact and conclusions of law’ through a settlement order.

TBO Tek plunged 5.5 per cent to hit a low of Rs 1,200 on BSE. A total of 72.98 shares changed hands on the counter against a two-week average of 4,671 shares. The turnover stood at Rs 875.85 crore.

TBO Tek shares: The floor price has reportedly been set at Rs 1,180 per share, sources told CNBC-TV18. The TBO Tek stock settled at Rs 1,269.90 on Thursday, up 1.71 per cent.

Gold and silver ETFs delivered over 30% returns in the last year, driven by soaring commodity prices. Experts expect further gains amid trade tensions, declining US interest rates, and strong industrial demand, though short-term consolidation may occur.

Gold and silver prices hit historic highs due to global trade tensions and a weaker dollar. Motilal Oswal Financial Services suggests a 'buy on dips' strategy for investors.

These schemes will now invest a little less than 65% of their corpus in fixed income while the balance will be in arbitrage-a risk-free strategy involving simultaneous purchase and sale of a share and its futures contracts to take advantage of the price differential.

A few equity funds that moved to cash early have cushioned the fall from the market slump, but experts remain critical of cash calls due to market timing challenges. While some funds have benefited, the risks of underperformance and complex investor management persist. Most experts remain staunchly against mutual funds taking cash calls.

Mutual fund cash holdings surged Rs 54,730 crore YoY, reaching Rs 1.87 lakh crore in February 2025, up from Rs 1.33 lakh crore a year ago. Cash allocation as a percentage of AUM rose to 5.76%. PPFAS, Axis, and SBI Mutual Funds significantly increased their cash allocations, with PPFAS holdings rising to 20.84% of total AUM.

The Indian bond market remains resilient amid global volatility as the RBI implements liquidity measures and rate cuts, with predictions of further reductions. Key economic indicators show easing inflation, improved GDP growth, and stable demand-supply dynamics. Investors are advised to focus on long-duration bonds and gilt funds for potential gains, despite ongoing risks such as currency fluctuations and US policies.

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.