Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
Axis Mutual Fund
Gupta, who was head of equity research for India at Credit Suisse, left the Zurich-based bank last November after a 14-year stint
Axis Mutual Fund aims to collect around Rs 50 crore from the new fund it is launching next Monday during the primary subscription period. The fund offer -- Nifty G-Sec September 2032 index fund -- is an open-ended target maturity debt index fund investing in the constituents of the Nifty G-Sec September 2032 index. Aditya Pagaria and Hardik Shah will be managing the new fund which has no exit load. The new fund will open for subscription on March 6 and close on March 13, it said in a statement on Friday. The chief business development officer at the fund house Raghav Iyengar said the company is looking at collecting at least Rs 50 crore during the primary offer period.
Combing Bloomberg chats, use of mobile tower IDs shows regulator's use of analytical tools
The regulator ordered the impounding of Rs 30.6 crore - total wrongful gains earned from front-running activities
After the outperformance of the past three years, they should be prepared for modest returns in the near term
Medanta Hospitals IPO subscribed 36% on day-2, Bikaji Foods by 1.5 times
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 ..
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
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
Joshi was sacked in May by the Axis Asset Management Company over allegations of front running
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
In May, Axis MF terminated Joshi and (Deepak) Agrawal, following allegations of tailgating
'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
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
Though investigation is pending, Sebi may issue interim order
Business Standard brings you the top headlines at this hour
Covers 30 locations across multiple cities including Maharashtra and Gujarat.
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 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