What to do with your Axis mutual funds?
Axis Mutual Fund issued a public notice removing and replacing two of its fund managers, Viresh Joshi and Deepak Agarwal, from seven of its schemes โ Banking, Technology, Consumption, and Nifty ETFs and Axis Value, Quant and Arbitrage Funds. This move was accompanied by speculation that the managers were suspended on front-running charges. Axis Mutual Fund hasnโt explicitly mentioned front-running charges, but it has confirmed that it has been investigating โpotential irregularitiesโ with the help of external advisors.