Page 3 - Axis Mutual Fund

Axis Mutual Fund looks to garner Rs 50 cr from maiden fund offer post ban

Axis Mutual Fund is targeting to garner Rs 50 crore from the silver ETF and the silver fund of fund announced on Friday -- its maiden launch after the Sebi lifted its three month ban on NFOs from July. The fund house said the silver fund of fund will invest in the units of Axis silver ETF (exchange traded fund). Pratik Tibrewal, fund manager, commodities at Axis AMC told PTI that they have set an internal target of garnering Rs 50 crore during the new fund offer. Both the funds will be open for subscription from September 2 through September 15, the fund house said in a statement. While the silver ETF will have no exit load, the silver fund of fund will attract an exit load of 0.25 per cent if redeemed/switched out within seven days from the date of allotment but will have no such charges if redeemed/switched out after sever days of allotment. The silver ETF will invest in industry standard 30 kg physical silver bullion of 999 parts per 1,000 fineness and storage, transport and ..

I-T Dept freezes FDs of Viresh Joshi in Axis MF front-running case

In a latest development in the alleged front-running case involving Axis Mutual Fund, the Income Tax Department has freezed fix deposits worth Rs 57 crore belonging to its former chief trader

I-T questions two Axis Mutual Fund executives in front-running case

Sources in the Income Tax department have said that they grilled two serving executives of the Axis Mutual Fund in connection with the alleged front-running case

Axis Mutual Fund probe: I-T dept raids ex-fund manager Viresh Joshi's house

Joshi was sacked in May by the Axis Asset Management Company over allegations of front running

Front-running scandal at Axis Mutual Fund set to rock $465-bn MF industry

Axis Asset Management Co, India's seventh largest mutual fund manager and partly owned by Schroders, in May sacked two employees, including its chief dealer, amid an ongoing internal probe

Fired fund managers violated securities law, says Axis Mutual Fund

In May, Axis MF terminated Joshi and (Deepak) Agrawal, following allegations of tailgating

Sacked fund managers violated securities law, says Axis AMC

'Based on the findings so far, we believe that the conduct of the concerned individuals identified do not have any impact on our liquidity or our operations,' says the company

Sacked fund manager demands Rs 54 cr in damages, sues Axis MF

On May 20, Axis MF terminated the employment of Joshi, a chief trader and fund manager, due to alleged irregularities. Axis MF hadn't cited any reason for the termination

Fired fund managers of Axis Mutual Fund could be banned from markets

Though investigation is pending, Sebi may issue interim order

Top Headlines: Consumer sector deals rise; wheat mkts still on edge & more

Business Standard brings you the top headlines at this hour

Sebi searches 16 'suspected entities' in Axis MF front-running case

Covers 30 locations across multiple cities including Maharashtra and Gujarat.

Regulating from the front

Focus on deterrence against front-running

TMS Ep168: Axis Mutual Fund, exports growth, Power stocks, e-passport

Should recent events at Axis MF worry retail investors? Is India's export growth momentum sustainable? Cab power stocks build momentum amid the energy crisis. What is an e-passport? All answers here

TMS Ep168: Axis Mutual Fund, exports growth, Power stocks, e-passport

Should recent events at Axis MF worry retail investors? Is India's export growth momentum sustainable? Cab power stocks build momentum amid the energy crisis. What is an e-passport? All answers here

TMS Ep168: Axis Mutual Fund, exports growth, Power stocks, e-passport

Should recent events at Axis MF worry retail investors? : Is India's export growth momentum sustainable? Cab power stocks build momentum amid the energy crisis. What is an e-passport? All answers here

Should recent events at Axis Mutual Fund worry India's retail investors?

Two fund managers at Axis Mutual Fund were stripped of their responsibilities recently over suspicion that they were involved in front-running. Is it just a stray incident? Or, the tip of an iceberg?

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

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

Axis MF suspends two fund managers amid allegations of irregularities

In a statement, Axis Bank said a suo moto investigation was launched two months ago to probe potential irregularities

Axis Mutual Fund eyes Rs 100 cr from new equity ETF fund of funds

Axis Mutual Fund is targeting to collect Rs 100 crore from its new equity ETF fund of funds during the primary subscription period, which opens on February 4 and closes on 18. The open-ended fund of fund scheme will predominantly invest in units of domestic equity ETFs and is looking to collect Rs 100 crore during the subscription period, Raghav Iyengar, chief business officer at the fund house, told PTI on Wednesday. The fund will track the Nifty 500 stocks and will be managed by Shreyash Devalkar, the fund house said. ETFs are one of the most popular vehicles of investing in passive strategies as they replicate the portfolio of the underlying index while trading in bite-sized units on an exchange at market prices. In the past three years, equity ETFs AUM has increased more than three times. Since different sectors and market segments perform differently at different times, the new FoF's investment approach is designed to allocate dynamically across market cap and sectoral/ themat

Policy normalisation could jolt markets, prick bubbles: Axis MF's J Gopani

Markets will swing to the tunes of Covid for some time to come till we see medical intervention eliminate the threat completely, says Gopani