Axis AMC sacks chief dealer Viresh Joshi over front-running allegations

The reason for termination was not given. Earlier, Axis AMC had also suspended Joshi and Deepak Agarwal

Axis Asset Management Company (AMC) has terminated the employment of Viresh Joshi amid allegations of irregularities. Joshi was a chief trader and fund manager with the fund house. 

“The employment of Viresh Joshi – chief trader & fund manager with Axis Asset Management Company Limited has been terminated with effect from May 18, 2022. Consequently, he ceases to be a key person of Axis AMC. Accordingly, all references to Joshi in the SAI of the fund stands deleted," said Axis MF in an addendum.

The reason for termination was not given. Earlier, Axis AMC had also suspended Joshi and Deepak