Axis MF says probe on since Feb, two fund managers suspended
According to reports, Axis Mutual Fund has changed the fund manager for as many as seven schemes.
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According to reports, Axis Mutual Fund has changed the fund manager for as many as seven schemes.
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.
The remarks came after it was revealed that SEBI is examining whether fund managers at Axis Mutual Fund engaged in "front-running"
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