Axis MF eyes top-six slot by AUM, 6%-7% mkt share by ’29

Kolkata: Axis Mutual Fund, floated by Axis Bank, is eyeing a slot in the top six mutual funds by assets under management (AUM). It is already the youngest fund in the top 10.Axis MF MD and CEO Gop Kumar Bhaskaran said the fund has an AUM of Rs 3.8 lakh crore and a 5.6% market share. It is targeting 6%-7% market share by 2028-29 and a top-six slot. The fund, which grew at a CAGR of 15%-16%, will continue to see healthy growth, he said.
On Bengal, Bhaskaran said the state constitutes 3.5% of industry AUM and is among the top five states. Kolkata saw 39% growth in AUM in 2024-25, while SIP growth was 53%, he said, adding, "In 2024-25, 1.8 lakh SIP customers were added in Kolkata."On the market outlook, Bhaskaran said this year would be better than the last.He pointed out that the Indian market was underperforming compared to the US, China and some emerging markets. "Geopolitics will have an impact but corporate earnings are better and rural demand is back, which is good," he said.