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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.