Business · India Bureau
Axis AMC enters specialised investment funds segment with senior hire
Axis Asset Management Company has launched its specialised investment fund (SIF) business, appointing an experienced executive from Avendus Capital to spearhead the new venture. The move comes as the asset management industry explores new growth avenues beyond traditional mutual fund offerings.
LSN India ·
Axis AMC has appointed Nandik Mallik, a former senior executive at investment firm Avendus Capital, to lead its newly established specialised investment fund business. The appointment marks the company's entry into the SIF segment, reflecting growing investor appetite for alternative investment structures.
Specialised investment funds represent an emerging category in India's asset management landscape, offering tailored investment solutions for high-net-worth individuals and institutional investors seeking exposure to specific sectors or strategies. Axis AMC's entry into this segment signals confidence in the growth potential of this niche market.
Mallik's appointment brings considerable experience in structuring and managing complex investment vehicles. His background at Avendus Capital, a prominent player in alternative investments and structured finance, positions him to build a robust SIF platform for Axis AMC.
Meanwhile, wealth management firm Anand Rathi Wealth Management reported a decline in net profit for the recent period, with earnings falling 10.4 percent. The dip reflects challenging market conditions and competitive pressures affecting the wealth management sector across the region.