Axis AMC raises Rs. 4 billion for its maiden real estate fund - Axis RERA Opportunities Fund – I (‘Axis RERA Fund’)

Axis AMC raises Rs. 4 billion for its maiden real estate fund - Axis RERA Opportunities Fund – I (‘Axis RERA Fund’)

Axis AMC is pleased to announce thefinal closing of its maiden real estate fund, theAxis RERA Opportunities Fund – I (‘Axis RERA Fund’)with commitments of over Rs. 4 billion.The investors include domestic institutions, HNIs and the sponsor (Axis AMC).The fund is targeting investments (through structured debt route) in the top 8 cities of India and aims to work with developers with an established track record of delivery and who show potential and capability for future growth.



With respect to the successful close,Mr. Balaji Rao, Managing Partner – Real Estate, Axis AMC said, “The real estate market has seen trying times over the last few months. Developers have had to navigate through a liquidity crunch and a paradigm change in their business models, brought about by the implementation of GST and RERA. However, this also means that this is the opportune moment for value investors to identify and back those real estate players with strong systems and strategies, who can deliver results in these new conditions. Real estate business in India has changed, and we are looking to work with developers who can adapt to it.”

We believe real estate is an importantasset class for investors. The demand for mid-income and affordable housing will likely continue to rise, backed by strong support from the government (through initiatives like RERA, PMAY, Housing for allby 2022 etc.)In addition, increasing per capita income, and the growing aspirational demand of the mid-market segment is further fuelling a potential boom in this sector, creating anewopportunity for investors.

Mr. Ujjawal Punmiya
AVP – Public Relations& Corporate Communications
M: +91 9619130947

About Axis AMC: Axis AMC is one of India`s fastest growing assets managers offering a comprehensive bouquet of asset management products across mutual funds, portfolio management services and alternative investments. The AMC is backed by Axis Bank, one of India`s premier banking institutions and Schroders plc, one of the world`s largest asset managers based in the UK

Disclaimer:Past performance of the Fund Manager or AMC may not be indicative of the performance in the future. This document is for informational purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to buy the securities or other investments mentioned in it. Investors are not being offered any guaranteed or indicative returns through these services. The contents of this document should not be treated as advice relating to investment, legal or taxation matters. The material is prepared for general communication and should not be treated as research report.


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