NEWS & ADVICE : FIXED DEPOSITS
Axis Mutual Fund would like to make benefit this monetary year
By Neelima Shankar
Sep 30, 2013
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Axis Mutual Fund, the trust house for which Axis bank is promoting, has a possibility of making benefits this budgetary year, as per a statement said by one of the company's top official The fund house, which is just a bit over three years additionally said it may not require any capital from the promoters in the impending years as it can supervise its future development from the interior collections. Axis MF, which has around same extent of debt and equity fund assets in the generally speaking holding base, likewise said it has documented various requisitions with the controllers for starting new items.

The fund house is additionally wagering enthusiastic about the crossover reserve class to separate its offerings on top of confirmation of stable returns, he said. Axis MF, which has 28 plans crosswise over item class, is available in 70 urban communities and will expand its vicinity going ahead, Nigam said, including its possessions under administration stood at Rs 12,289 crore as of the June quarter.


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