Under scanner for front running? Axis Mutual Fund sends two of its fund managers on leave : Rashtra News
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According to ET NOW, the decision to send them on leave came after allegations of front running.
Sebi is believed to have taken cognisance of the case and launched a probe but there is no official clarification either from the regulator or the fund house.
Joshi has been a part of Axis MF for last ten years since its inception and managed five of its schemes while Agrawal was fund manager of Axis Consumption ETF, Axis Quant Fund and Axis Value Fund, moneycontrol reported.
Front running is when a broker has exclusive details of a stock being bought or sold in large quantities and trades that stcok to benefit from it.
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( News Source :Except for the headline, this story has not been edited by Rashtra News staff and is published from a economictimes.indiatimes.com feed.)
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