Axis Consumption News Today

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

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.

The seventh-largest fund house in terms of assets under management had earlier suspended chief trader Viresh Joshi and assistant fund manager Deepak Agrawal. 

Signs of Malice on the Mutual Fund Front

Axis AMC, which is India’s seventh largest asset manager, is being probed for alleged front-running by two officials.

The Indian partner of global money manager Schroders Plc is under investigation by the countrys capital markets regulator for alleged front-running by two of its officials, according to people familiar with the matter.

According to reports, Axis Mutual Fund has changed the fund manager for as many as seven schemes. 

A Lamborghini seems to have blown the lid of a huge front running scandal in a private sector mutual fund.There are now loud whispers of a Rs 1,000 crore scam in a large mutual fund owned by a leading private sector bank involving front running ...

Axis Mutual Fund changes fund manager responsibilities from May 4 amid alleged violations

Axis Mutual Fund has removed its head trader Viresh Joshi as fund manager from five schemes. Similarly, Deepak Agarwal, the assistant fund manager for equity at Axis MF, is no longer part of schemes like Axis Consumption ETF, Axis Quant Fund, and Axis Value Fund.