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Axis AMC eyes ₹30,000-cr alternates book

Financial Express Bengaluru

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November 28, 2025

Under private credit, AMC looks at 14-14.5% yield

- NARAYANAN V

AXIS ASSET MANAGEMENT Company expects its “alternates” portfolio to grow fourfold over the next five years, driven by India’s rapidly expanding affluent base and its demand for sophisticated investment products such as alternative investment funds (AIFs), private equity and credit, and commercial real estate.

“My view is that this (Alternates) platform should see ₹25,000-30,000 crore of assets over the next five years,” B Gopkumar, MD & CEO, Axis Mutual Fund, said on Thursday.

Axis AMC is the country’s eighth-largest mutual fund house with total AUM of about ₹3.7 lakh crore, of which equities account for around ₹2.1 lakh crore and fixed income about ₹1.2 lakh crore.

The company entered the alternate investment space in 2019 and currently manages about ₹7,000 crore across AIFs, portfolio management services (PMS), private credit and private equity funds.

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