Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd.
The Bank today is capitalized to the extent of Rs. 405.17 crores with the public holding (other than promoters and GDRs) at 53.09%.
The Bank's Registered Office is at Ahmedabad and its Central Office is located at Mumbai. The Bank has a very wide network of more than 1000 branches and Extension Counters (as on 31st March 2010). The Bank has a network of over 4055 ATMs (as on 31st March 2010) providing 24 hrs a day banking convenience to its customers. This is one of the largest ATM networks in the country.
The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence.
Sponsor: Axis Bank Limited
Trustee: Axis Mutual Fund Trustee Limited
Investment Manager: Axis Asset Management Company Ltd. Statutory Details: Axis Mutual Fund, a trust set up under the provisions of the Indian Trusts Act, 1882.
|Scheme Name||NAV(Rs.)||1m %||3m %||6m %||1y %||3y %|
|AXIS Equity Fund - Direct (G)||19.8||5.52||-1.5||-3.95||10.5||0|
|AXIS Small Cap Fund - Direct (G)||20.13||5.52||2.14||-1.52||19.46||0|
|AXIS Small Cap Fund (G)||19.71||5.42||1.87||-2.09||18.16||0|
|AXIS Equity Fund (G)||19.2||5.36||-1.8||-4.5||9.22||18.69|
|AXIS Focused 25 Fund - Direct (G)||18.39||5.24||-2.19||-3.03||18.33||0|
Axis House, 1st Floor, Bombay Dyeing
Mill Compound, Pandurang
Budhkar Marg, Worli, Mumbai - 400025.
Ground Floor,Shop No 4,Megha House,
Opp.Kotak Bnk,Mithakali Law
|Phone : 022-24255100||Phone :|
|Email : email@example.com||Email : firstname.lastname@example.org|
|Website : www.axismf.com||Website : www.axismf.com|
capital market/11:22, Oct 09, 2015
NFO period is from 09 October to 23 October 2015
The old adage Sell in May seems to have been ignored largely in second half of the month as the market left behind the carnage of March & April. . A move above the downward sloping trendline (above 8,550) would prove to be icing on the cake and market looks poised to see further build up after the gains of May.
Strength of every market is judged on corrections. After Mondays turnaround it is important to observe that if the recovery turns out to be sluggish and market starts to give up gains, will it find support around 8,200 or not? As of now, it will act as a new support line for the bulls.
Barriers in life come and go but 8,350 is acting as a tough one since the third week of April. This consolidation at the bottom has taken shape of a bullish H&S pattern. A move above the same could result in reversal of the trend.
However, it is imperative to understand that demographics eventually shape the dynamics of an economy.
CIBIL REPORTS are being touted as the solution to all credit decisions. To my mind, such a mindset could be extremely damaging. In this article, I will try to explain why.