Axis Quant Fund News Today

For one, ICICI Securities did not offer its minority shareholders a chance to participate in a price discovery process or allow them an option to stay invested in the company even after the proposed delisting

The market is experiencing stock specific movements, leading to uncertainty for investors. It is a time of indecision, as investors are unsure whether to enter the market or book profits. The current market movement can be seen as a healthy correction following a strong 2023. Additionally, the January to March quarter historically has negative returns.

Karthik Kumar says: “My fund has a good mix of PSU banks, private banks, and even non-banking players as well. PSU banks have had a good rally for the year so far. So, to that extent, the valuation differential has narrowed and now it comes down to selecting stocks on a case-by-case basis rather than looking at it as a group, as a whole.”

It’s been a little over a year since a massive front-running scandal erupted at Axis Mutual Fund. The firm has since set its house in order and is now readying for a fresh innings.

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.