Axis AMC's Growth Avenues AIF raises Rs 1,000-Cr

Axis Asset Management Company has raised over INR 1,000 crore through the final close of Axis Growth Avenues AIF - I, aiming to fund growth stage companies across sectors with deep technology as their key proposition. The AMC has concluded the fund raise including the green-shoe option of INR 500 crore within three months from its first close owing from family offices, high networth individuals (HNIs) and non-resident Indians (NRIs). The fund house will target a portfolio size of 8-10 companies with the deal size ranging from INR 100 crore to INR 150 crore each. The total term of the fund is five years from the date of its final closing. The fund will be primarily focused on investing in sectors including financial services especially fintech, technology, e-commerce, and edtech.