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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 hasnโ€™t explicitly mentioned front-running charges, but it has confirmed that it has been investigating โ€œpotential irregularitiesโ€ with the help of external advisors.

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