Sebi  aims  to  tighten disclosure rules on fund manager exits

MUMBAI : The India Securities and Exchange Commission will soon announce disclosure standards for asset management companies, annoyed at how the Axis Mutual Fund has handled the suspension and the possible dismissal of two fund managers alleged to be involved in frontrunning. “Sebi works with when and how disclosure should be made in such circumstances,” … Read more

‘Axis MF not only case of front running being probed by Sebi’

NEW DELHI / MUMBAI : Axis Mutual fund is not the only case that the Securities and Exchange Board of India (Sebi) is investigating after allegations about fund managers and dealers behind current shares. The regulator is investigating at least three other cases, said a senior official from Sebi. Front running is the practice of … Read more

Mutual Fund companies collect ₹1.08 lakh cr via new fund offerings in FY22

With liquidity tightening, rising interest rates, consolidation in the stock market, return to work from the office, there may be subdued interest in NFOs in the future. Although the category of fixed maturities (FMPs) may see significant launches, the same can not be expected from other categories, said Gopal Kavalireddi, head of research at FYERS. … Read more

Axis mutual fund terminates its assistant fund manager: Details inside

Following the dismissal of its fund manager and chief dealer, Viresh Joshi, on May 18, 2022, the equity fund house Axis Mutual Fund announced today that fund manager Deepak Agrawal, who was under investigation for fund house violations, has been terminated. Fondhuset had previously stated that it was conducting an investigation of the claims with … Read more

4 flexi cap funds rated 5-star by Value Research with low expense ratio

Almost all domestic key stock indices are currently performing in the red zone, with broad indices such as midcap and small company indices ending slightly higher. Today, the S&P BSE Midcap index closed with an upward gap of 1.98 percent, while the S&P BSE Small-Cap index closed with an upward gap of 2.13 percent. The … Read more

Kotak Alternate Assets to launch ₹1,000 crore private credit fund

NEW DELHI: Kotak Alternate Assets, managed by Kotak Investment Advisors will launch a ₹1,000 crore private credit fund, a Category II Alternative Investment Fund (AIF). Kotak Private Credit Fund will be led by Niraj Karia, formerly of KKR. The fund will have a green school option to raise another ₹SEK 1,000 million. According to a … Read more

Axis AMC sacks fund manager Viresh Joshi on alleged misconduct

MUMBAI : On May 18, the Axis Mutual Fund terminated the services of the fund manager and chief dealer, Viresh Joshi, with immediate effect, the fund house said in a statement. The statement did not go into detail about the reason for the dismissal, but Mint reported on May 18 that Joshi allegedly shared confidential … Read more

Axis AMC terminates employment of chief trader and fund manager Viresh Joshi

Axis Mutual Fund on Wednesday terminated the employment of Chief Trader and fund manager Viresh Joshi, with immediate effect, the fund house states in a press release. On May 4, Axis AMC had shut down Joshi and another fund manager. Axis MF, in an official statement, said: “Axis AMC has conducted a suo moto internal … Read more

Behind the front-running case at Axis Mutual Fund

MUMBAI : The two suspended fund managers of the Axis Mutual Fund are said to have shared confidential information about the asset manager’s business with brokers in Gujarat in exchange for returns, according to new details revealed by an investigation by the Securities and Exchange Board of India (Sebi). “Tips were apparently shared via WhatsApp … Read more

STPs vs SIPs: Which is the better investment strategy in current market scenario

Systematic investment plans (SIPs) are popular and an easy way for new private investors with limited liquidity to systematically invest from their savings accounts in mutual funds. Systematic transfer plans (STPs), on the other hand, allow one to periodically transfer a certain number of units from one fund system to another system on a predetermined … Read more