The erstwhile Bharti AXA Investment Managers, which was a tie-up between Bharti Enterprises and France's AXA, has a new suitor with Bank of India stepping in to acquire 51 per cent stake in December 2011. Although the AMC in its short history of 4 years did come up with some innovative ideas such as daily SIP and zero balance folios, it was unable to capitalise on the start. A mixed bouquet of fund offerings leaves a lot to be desired.
This article was originally published on November 16, 2012.
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