Axis Mutual Fund comes into The Womb to grow
Axis Mutual Fund has found The Womb to grow in the fast-growing mutual funds space. The Womb will work on Axis MF’s strategic direction as well as on its creative expressions.
On awarding the business to The Womb, Rohan Padhye, Vice President – Marketing Communication & Digital Marketing, Axis Mutual Fund, said, “The mutual fund category is witnessing inevitable growth. In the context of changing consumer preferences and market dynamics, we wanted a strategic firm to be associated with us. What we liked about The Womb is the passion they share about nurturing and building brands with different challenges which resonates with our thinking. Also, more importantly, we found the right balance of strategic and creative capabilities to be able to create compelling communication to grow not just our business, but also our share in the category.”
Navin Talreja, Co-Founder, The Womb, said, “I have done CMO duties at a bank before, and this gets me back into the business of money. So I am excited. We have to, as a team, up Axis MF’s mindshare and business in the extremely competitive mutual funds category. The brand teams at Axis MF and the agency team are raring to go. Our mandate is deep and wide – to define the Axis MF brand’s core within the ambit of the overall Axis brand, create its own unique positioning, as well as integrate communications across the wide set of stake-holders they address.”
Commenting on the win, Kawal Shoor, Co-Founder, The Womb, said, “Clearly, as returns from other traditional asset classes like real estate, gold and fixed deposits climb down to realistic levels, mutual funds will inevitably become a strong alternative to invest in. It has already started happening, and the timing of the start of The Womb’s association with Axis MF couldn’t be better. We will aim to garner for Axis MF a disproportionate share of investible assets from the progressive Indian families, by garnering a disproportionate share of attention and relevance for Axis MF thru’ our communications.”
The Womb is a two-year old communications and innovations company started by Navin Talreja and Kawal Shoor. They work on brands like Fogg, Asus, Honeywell, Ossum, Saregama Carvaan and RSPL. The Womb also works across projects with USL Diageo and Star India.
Axis AMC has completed eight years of operations and within this short span has over 2.2 million active investor folios. It currently has a well-rounded product suite of schemes across asset classes and a presence across the country. Axis AMC is a joint venture between Axis Bank, India’s third largest private sector bank, and Schroders, one of the largest global asset managers.