Axis Mutual Fund

Axis, Tata MFs halt new silver ETF FoF investments amid supply crunch

Axis Mutual Fund and Tata MF suspend new investments in their silver ETF FoFs as soaring silver prices and supply shortages push ETFs to trade at steep premiums

Opportunities in long-term bonds, but no big rally ahead: Devang Shah

Investors should focus on short-to-medium bonds and quality corporate debt as RBI nears the end of its rate cut cycle, says Shah

ED arrests ex-Axis MF manager in ₹2 trillion front-running scam probe

Viresh Joshi, a former chief trader and fund manager of Axis Mutual Fund, has been arrested under the anti-money laundering law in a case linked to alleged cheating of investors to the tune of Rs 2 lakh crore by 'front-running' in trade activities, the Enforcement Directorate (ED) said on Sunday. A special Prevention of Money Laundering Act (PMLA) court has sent Joshi, who was taken into custody on Saturday, to ED custody till August 8, the agency said. Front-running refers to an unethical and illegal practice in the securities market in which brokers or traders execute orders for their own benefit using advance knowledge of pending client orders. This malpractice compromises market integrity and disadvantages other investors. The federal probe agency launched searches in the case on August 1, covering multiple premises in Delhi, Mumbai, Gurugram, Ludhiana, Ahmedabad, Bhavnagar, Bhuj and Kolkata. The ED has been investigating the matter under the civil provisions of the Foreign ...

ED launches PMLA probe into Axis MF front-running case, raids across cities

The Enforcement Directorate on Friday said it conducted searches in multiple cities after registering a money laundering case to probe an instance of front-running in scrips traded by Axis Mutual Fund during 2018-2021, official sources said. Front-running refers to an unethical and illegal practice in the securities market where brokers or traders execute orders for their own benefit using advance knowledge of pending client orders. This malpractice compromises market integrity and disadvantages other investors. The probe involves the role of Viresh Joshi, a former chief trader and fund manager of Axis Mutual Fund. The ED has been investigating this instance under the civil provisions of the Foreign Exchange Management Act (FEMA) since the Income Tax department conducted searches in this case in 2022. The ED searches under the Prevention of Money Laundering Act (PMLA) were conducted in Delhi, Ahmedabad, Bhavnagar, Bhuj, Gurugram, Kolkata and Ludhiana, the sources said. The money ..

Retail losses in derivatives is a macroeconomic concern: Ashish Gupta

Sebi's measures are necessary to align the derivatives market with its underlying cash market, as the current disconnect is unsustainable

India's services sector 'epochal opportunity' for investors: Report

It comprised 55% of GDP in FY25 and has 'unprecedented momentum', it says

Axis mutual fund uses ONDC to reach underserved, remote investors

This integration 'marks a significant step toward making mutual fund investments more accessible, affordable, and inclusive', says the company

MFs prefer pvt banks over IT, auto, PSU banks; increase value in HDFC Bank

Private banks, non-banking financial companies (NBFCs), healthcare, telecom, and metals were preferred sectors by mutual funds

Axis MF launches Nifty500 Value 50 ETF NFO, focusing on value stocks

The Axis Nifty500 Value 50 ETF offers a strategy for investors looking to invest in undervalued stocks with strong fundamentals and long-term growth potential

Axis Mutual Fund launches Nifty AAA Bond Financial Services Index Fund

Customers can enter scheme with a minimum investment of Rs 5,000, followed by multiples of Rs 1

Axis Mutual Fund on comeback trail as 2023 equity rehaul delivers

Credits enhanced scheme diversification, adaptation to market changes

Axis Mutual Fund launches scheme tracking Nifty500 Momentum 50 Index Fund

Scheme will follow passive strategy in 'momentum-driven stocks', says asset manager

Momentum Investing: Axis Nifty500 Momentum 50 Index Fund NFO opens today

Axis Mutual Fund launches Nifty500 Momentum 50 Index Fund NFO; here is all you need to know

Axis MF launches new fund that tracks NBFC's, housing finance sectors

Fund will mature on June 30, 2027, primarily invest in AAA-rated debt instruments in NBFC and HFC sectors

Axis AMC, Axis MF Trustee pay Rs 16.57 lakh to settle case with Sebi

Axis Asset Management Company (Axis AMC) and Axis Mutual Fund Trustee on Tuesday settled with markets regulator Sebi a case related to an alleged violation of mutual fund norms by paying Rs 16.57 lakh. Axis AMC is the investment manager of Axis Mutual Fund. The SCN was issued to Applicant 1 (Axis AMC) as it has incurred the excess expenses of the mutual fund scheme, thereby allegedly violating the Sebi rules, whereas Axis Mutual Fund Trustee (applicant 2) by not ensuring the compliance of Applicant 1 with the Mutual Fund regulations, Sebi said in the order. The order came after the applicants proposed to settle the instant proceedings initiated against them, without "admitting or denying the findings of facts and conclusions of law". The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings against the Axis AMC for the alleged violation of Sebi rules and against the Axis Mutual Fund Trustee Ltd for the alleged violation of Mutual Funds rules. Thereafter,

Axis MF launches a new Momentum Fund: Key features of the scheme explained

By focusing on stocks with strong upward trends, the fund aims to deliver superior long-term returns.

Axis MF announces new Target Maturity Fund , says offer has moderate risk

Fund plans to invest 95-100% of its assets in fixed-income instruments that mirror the CRISIL-IBX AAA Financial Services - Sep 2027 Index

50 bps cut in interest rate likely by March 2025: Axis Mutual Fund

In an interview with Abhishek Kumar in Mumbai, Shah says this view may not hold true if commodity prices go up sharply

Factor investing gets popular: Axis Nifty500 Value 50 Index Fund launched

tor globally. The scheme objective is to invest in stocks comprising the Nifty500 Value 50 Index (the index).

Axis MF front-running case: ED conducts searches in Mumbai, Kolkata

Front-running involves using confidential information on institutional trades to make investment decisions, potentially impacting stock prices