Sebi scanner on more front-running ops by domestic fund managers

Functioning of dealers at MFs & brokers may undergo greater scrutiny in coming weeks

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Sources said top Sebi officials quizzed some MF industry CEOs informally at an event during the weekend

Shrimi ChoudharySamie Modak New Delhi/Mumbai
Markets regulator Securities and Exchange Board of India (Sebi) is examining allegations of front-running and other irregularities against a host of domestic fund managers across the asset management industry, said people in the know.

Developments at Axis Mutual Fund have prompted the regulator to speed up probe to ensure that there is no drop in confidence in the Rs 39-trillion mutual fund (MF) industry.

“We have received complaints against a few fund managers and are looking into possible violations, including those related to code of conduct,” said a regulatory source, refusing to divulge names of fund houses as things are at a

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First Published: May 09 2022 | 6:10 AM IST

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