Schroders has acquired a 25 per cent stake in Indian fund firm Axis Asset Management.
The stake in the asset manager, which launched in 2009, has been acquired through subsidiary Schroder Singapore Holdings Private. Schroders announced its intention to acquire the asset manager in April 2012.
Axis Asset Management manages equity, fixed income, balanced mutual funds and hedge funds. The firm invests in the public equity, fixed income and alternative markets of India.