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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.

Among those who have been removed as fund managers are Chief Trader & Fund Manager Viresh Joshi and Assistant Fund Manager Deepak Agrawal. While Joshi has been with Axis MF since 2009, Agarwal joined the fund house in 2015 as an equity research analyst.

Axis Mutual Fund said on Friday that it has been conducting a suo moto investigation over the last two months since February.The remarks came after it was revealed that SEBI is examining whether fund managers at Axis Mutual Fund engaged in ...

The remarks came after it was revealed that SEBI is examining whether fund managers at Axis Mutual Fund engaged in "front-running"