/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Customers are pulling out thousands of crores even as the asset management company investigates its fund managers for front-running trades.
For the lay investor, Axis Mutual Fund was a safe, reliable, credible and consistent fund house to invest in. That faith has now been shattered as the asset management company has sent two of its top fund managers on forced leave over allegations of front-running trades.
Just last Wednesday, Axis Mutual Fund was conferred with the title of “best fund house” across equity and debt investment schemes by market research firm MorningStar India. But by Friday, its reputation had been fractured. The fund announced a change in its equity team leadership as it suspended chief trader and fund manager Viresh …
Lenders stand to gain a lot more than borrowers in the current challenging market environment
A dismal track record in portfolio management services doesn’t help the firm as it takes its first steps in a crowded industry dominated by some heavyweights.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
