Thanks to the rapid growth of the wealthy population in India and its demand for sophisticated investment products such as alternative investment funds (AIF), private equity, credit and commercial real estate, Axis Asset Management Company expects that its “Alternatives” portfolio will quadruple over the next five years.

Axis AMC is the eighth largest company in mutual funds in the country, with total assets under management of approximately 3.7 trillion rupees, including around 2.1 trillion rupees in shares and around 1.2 trillion rupees in fixed income securities.

The CEO and CEO of Axis Mutual Fund B Gopkumar said on Thursday: “In my opinion, this platform (Alternates) is expected to see 25,000 to 30,000 crores in assets over the five next years.”

Axis AMC invested around 900 crore rupees in nine private credit transactions last year and plans to raise 2,000 crore rupees. The platform focuses on the sectors of manufacturing, electric vehicles and renewable energies, as well as on the areas where banks are facing restrictions end use. As part of its private loans, the company of asset management generally aims for a return of 14 to 14.5%.

Thursday, Axis Commercial Real Estate Fund (Axis CRE) Fund), a category II FIA, has announced a collaboration with the giant global real estate company Tishman Speyer for develop a 400,000 square foot category A office project in FinTech City in Chennai, designed by tamil Nadu Industrial Development Corporation .

Axis CRE Fund has acquired one of the first two lots up for auction for around 280 crore rupees. He This is the first investment by its alternative investment fund of category II. The fund is also developing, in partnership with Tishman Mso-bidi-language:ar-sa"> Speyer, one 900,000 square foot commercial building (approximately 84,000 m²) ) in the neighborhood of Balewadi in Pune, a 1,700 crore rupee project