Axis Asset Management Company, an arm of private sector lender Axis Bank, has raised around Rs 400 crore through the first close of Axis Growth Avenues AIF - I, aiming to fund ideas with deep technology as their USP.
The asset management company is aiming to raise a total of Rs 1,000 crore through the close-ended fund, including a green-shoe option of Rs 500 crore. It is confident of completing the entire fundraising exercise in the current quarter based on the response and commitments from investors.
