What is Axis Mutual Fund?
Axis Mutual Fund, one of the biggest name in the list of Mutual Funds. Axis Mutual Fund launched its first scheme in October 2009. Since then Axis Mutual fund has grown strongly. They attribute their success thus far to our 3 founding principles – Long term wealth creation, Outside in (Customer) view and Long term relationship. Come join our growing family of investors and give shape to your desires.
What is Axis Mutual Fund Scam?
According to the sources, Axis Mutual Fund has removed Viresh Joshi, fund manager, and head trader from the fund management team of seven of its equity schemes. Also Deepak Agarwal, equity research analyst and fund manager has been removed from the management team of three funds. Both fund managers have been suspended in case of front running.
Investors should not make any changes in their portfolio till the rumors are confirmed and there is a statement from the fund house. Even after that, it remains to be seen if anything changes for your particular plan,” says Vishal Dhawan, Founder Plan Ahead Investment Manager.
What is Front Running?
SEBI is believed to have taken cognizance of the matter and initiated an investigation but there has been no official clarification from the regulator or the fund house.
According to mutual fund advisors, investors should not do anything for the time being and wait for the details. In this situation, Mutual fund investors should not make any changes to the schemes.
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