InvestorQ : What is the tie up between Axis Mutual fund and Inversion Advisory all about?
Mitali Bhutta made post

What is the tie up between Axis Mutual fund and Inversion Advisory all about?

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2 months ago
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This is likely to be a first of its kind alliance between a mutual fund manager and an advisory firm. Axis Asset Management and Inversion Advisory Services (founded by Akhil Gupta) will collaborate to launch a fund that will invest in underperforming companies. They propose to jointly raise Rs.3,500 crore under the AIF registration of Axis AMC. It is proposed that Axis MF which will be the investment manager to the proposed fund.

Inversion Advisory will provide the necessary support to buy companies supported by its team of functional and industry experts in the turnaround domain. The principal aim of the fund is to buy controlling stakes in assets that are either pre-stressed, stressed or distressed. The idea is to use turnaround as the investment theme and invest in underperforming companies that are cheaply assets vis-à-vis their intrinsic value.

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