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Bharti-AXA Mutual Funds

Bharti-AXA is a newly-launched fund company that is a joint-venture between the Bharti Ventures (Airtel) group and AXA, a French insurance company. The two partners already have an insurance joint venture that has been operational for a couple of years.

The company has just started operations and has launched one equity fund and two debt funds during this period. It has put together a small but experienced team. The only equity launch that it has made so far has some innovative features. It's possible to make an SIP investment in this fund with just Rs 300 a month. Also, the fund comes with an environment-friendly 'eco-plan', which has 0.25 lower expenses than the normal plan. The 'eco-plan' is a paperless plan under which investors receive all communications through email and the web.

Given the poor state of the markets, it can be expected that the fund house will take some time to ramp up.
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