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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