Following the acquisition, Axis AMC said its combined PMS assets under management (AUM) will exceed ₹15,000 crore. The transaction also brings more than 2,500 investors onto the fund house’s platform.
The acquired business will operate under the ‘Alternates by Axis AMC’ platform. The company said the integration includes the transfer of the entire PMS team from Axis Securities, including investment, product, sales and client servicing professionals, to ensure continuity for existing clients.
As part of the integration, Axis AMC has appointed Naveen Kulkarni as Chief Investment Officer (CIO) for PMS and Listed Equity Alternates. Kulkarni previously led the PMS business at Axis Securities and will now oversee investment strategy, portfolio management and product development for the combined business.
Portfolio Management Services (PMS) are investment solutions tailored for high-net-worth investors, where portfolios are managed on behalf of clients according to agreed investment mandates. Unlike mutual funds, PMS portfolios are individually owned and managed.
Axis AMC said the acquisition will strengthen its alternatives business and broaden its product offerings. The company plans to introduce additional discretionary and non-discretionary PMS strategies, customised mandates for HNIs and family offices, and products under its Category III Alternative Investment Fund (AIF) platform.
The listed equity alternates platform is expected to focus on investment strategies such as thematic investing, small-cap opportunities and quantitative investing, according to the company.
The financial terms of the acquisition were not disclosed.
First Published: Jul 23, 2026 1:16 PM IST
