Page 8 - Axis Mutual News Today

Former Chief Trader and Fund Manager of Axis Mutual Fund Viresh Joshi is on the radar of the Income Tax Department amid allegations of irregularities.

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. 

Moves from Mahindra and Mahindra

Market sources indicate stagnant AUM, poor performance in equity schemes and an AUM composition tilting towards debt funds as major reasons

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SIPs in midcap funds attractive SECTIONS Share Synopsis The Nifty Midcap 150 has returned 88% as against 60% by the benchmark Nifty. But the midcap index is still an underperformer from January 2018—when the index hit a peak before correcting. Financial planners however warn investors against going overboard while allocating to midcaps and invest with a five-year time frame. Investors looking to invest in mid-cap mutual fund schemes could look at staggering their investments over the next fe...

Mid-cap funds look good, but don’t invest in one go SECTIONS Share Synopsis The Nifty Midcap 150 has returned 88% as against 60% by the benchmark Nifty. But the midcap index is still an underperformer from January 2018—when the index hit a peak before correcting. Financial planners however warn investors against going overboard while allocating to midcaps and invest with a five-year time frame. Investors looking to invest in mid-cap mutual fund schemes could look at staggering their invest...

Equity mutual funds record first net inflows in nine months SECTIONS Last Updated: Apr 09, 2021, 09:38 AM IST Share Synopsis Inflows into equity funds at ₹9,115 cr in March driven by categories like ELSS, sectoral, focus and flexi-cap funds; collections via SIPs at ₹9,182 cr, up from ₹7,528 cr in Feb Is it the traditional March effect — one that makes the average saver unusually generous toward tax-saving equity packages ahead of the FY-end deadline? Or does this reflect newfound optimi...

Frequent portfolio churn damaging investor returns in mutual funds SECTIONS Share Synopsis Mutual fund investors earn much lesser returns that the funds they invest in, shows a recent research done by Axis Mutual Fund. Getty Images Mutual fund investors earn much lesser returns that the funds they invest in, shows a recent research done by Axis Mutual Fund. The research has taken into account the inflows and investor behaviour in equity and hybrid funds for the period of last 18 years and in de...