Axis AMC acquires PMS business of Axis Securities

As part of the integration, the entire PMS team of Axis Securities, including investment professionals, product specialists, sales and client servicing teams will join Axis AMC

Axis Asset Management Company has acquired the Portfolio Management Services (PMS) business of Axis Securities, significantly augmenting its alternates platform and strengthening its presence in the rapidly growing high-net-worth investor segment.

The acquired business will operate under ‘Alternates by Axis AMC’. The acquisition brings over 2,500 investors onto the Axis AMC platform, making it one of the largest PMS acquisitions in the country by investor count.

With the addition of the acquired business, Axis AMC’s PMS assets under management will increase to about ₹15,000 crore. 

Team integration

As part of the integration, the entire PMS team of Axis Securities, including investment professionals, product specialists, sales and client servicing teams will join Axis AMC. 

Axis AMC has appointed Naveen Kulkarni as Chief Investment Officer – PMS & Listed Equity Alternates. With over two decades of experience across equity markets, research and portfolio management.

He was instrumental in building the Axis Securities PMS franchise into a leading platform. In his new role, he will lead investment strategy, product innovation and portfolio management across Axis AMC’s PMS and listed equity alternates business.

B Gopkumar, MD & CEO, Axis AMC, said more than the scale, it significantly enhances the fund house’s investment capabilities and strengthens talent pool.

It also expands ability to serve the evolving needs of HNI, UHNI investors, and family offices with tailored investment strategies backed by institutional-quality research, portfolio management and execution capabilities, he said.

Kulkarni said through ‘Alternates by Axis AMC’, the endeavour is to create a platform that combines specialised investment thinking with the strength and credibility of a leading asset management company.

“We have a clear ambition to be among the top five PMS players in the country over the next three years,” he said.

The company plans to launch a broader suite of offerings under the platform, including customised mandates for HNIs and family offices, non-discretionary PMS solutions, and new products leveraging its Category III AIF capabilities.

Published on July 23, 2026