Aapki Khabar Aapka Fayda: Two fund managers of Axis Mutual Fund suspended, Accused of Insider Trading

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Zee Business Video Team | Updated: May 9, 2022 22:20 pm

The Axis Mutual Fund company is being investigated by SEBI on charges of front running. Now in the midst of this investigation, Axis Mutual Fund on Friday suspended the manager of the company. It is believed that both these managers were doing front running work in Axis Mutual Fund. The matter of front running involving Axis Mutual Fund is being probed by SEBI. Under running, any fund manager uses his personal demat accounts to sell or buy any shares. Mutual fund deals have a significant impact on stocks and a fund manager can earn huge profits or avoid any kind of loss by investing in these stocks through front running.