Axis MF manager Viresh Joshi on I-T radar for Lamborghini buy, luxury flats
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.
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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