Axis Amc News Today

Asset manager Axis AMC's private equity vertical Axis PE, which has backed some marquee names like Lenskart, National Stock Exchange, SBI General Insurance, Bikaji Foods ......

According to Hitesh Zaveri of Axis AMC, there are still attractive investment opportunities in the equity market despite the recent strong performance. Zaveri believes that Indias GDP growth will remain strong and diversified, offering both domestic and international exposure. Industries such as automotive, banking, pharma, and Internet & E-commerce are expected to see growth in the coming years. Zaveri also expects steady inflows into multicap funds and believes that domestic institutional ...

Axis Asset Management plans to raise up to Rs 1,250 crore ($165m) with its new private credit alternative investment fund. The fund will be part of Axis Mutual Funds alternative assets business, which also includes real estate and private equity funds. The platform is targeting a base size of Rs 1,000 crore for the fund and a green shoe of Rs 250 crore, the person said, adding that Axis is targeting a first close of about Rs 500 crore for the fund.

An amount of Rs30 crore being the unlawful gains earned from the prima facie front running activities is impounded jointly and severally by the noticees, Sebi said

The mutual fund promoted by Axis Bank terminated the services of its fund managers, Viresh Joshi and Deepak Agrawal who were alleged to have made illicit gains through front-running activities in May.

Axis AMC, which is the seventh-largest asset management company of the country, suddenly finds itself in a soup with allegations of serious violations by its fund managers. It needs to clear the air soon on what went wrong and what it is doing to fix the problem

The statement comes after reports suggesting that Sebi is carrying out search and seizure operations at several entities including offices of Axis Mutual Fund, stockbrokers, and individuals, as a part of the ongoing investigation into alleged wrongdoings by two former fund managers of the fund house.

The legal notice, among other things, states that the termination was not in line with the laid down policies and without issuing a show cause notice to present his side of the arguments 

Fund manager Deepak Agrawal, who joined Axis AMC as equity research analyst in 2015, has been sacked with immediate effect; chief trader Viresh Joshi was sacked on Thursday.

Axis AMC statement did not go into details of the reason behind its sacking but Mint reported on 18 May that Joshi allegedly shared confidential information about the asset manager’s trades with brokers in Gujarat in return for kickbacks