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Posted on: Oct. 22, 2019, 7:21 a.m.
By Nupur AcharyaAxis Mutual Fund is looking at one of India’s most beaten-down sectors -- the auto industry -- to help keep it in the top ranks of the nation’s asset managers.The investor is slowly increasing exposure to select companies as it sees “some signs” of demand revival with a better-than-expected monsoon and lower corporate tax rates supporting sentiment.“We are adding auto to our portfolio,” Jinesh Gopani, head of equity for Axis Asset Management Co., overseeing about 570 billion rupees ... Full investment news article