Axis MF suspends two fund managers over 'irregularities'

The fund house, a joint venture between Axis Bank and the UK's Schroders, is investigating whether the executives concerned -Viresh Joshi and Deepak Agarwal - were involved in front-running, received kickbacks and executed trades that were detrimental to the interests of the unitholders, two people familiar with the matter told ET. Axis is said to have informed the Securities and Exchange Board of India (Sebi) about the probe, they said.

Axis MF suspends two fund managers over 'irregularities'
The fund house, a joint venture between Axis Bank and the UK's Schroders, is investigating whether the executives concerned -Viresh Joshi and Deepak Agarwal - were involved in front-running, received kickbacks and executed trades that were detrimental to the interests of the unitholders, two people familiar with the matter told ET. Axis is said to have informed the Securities and Exchange Board of India (Sebi) about the probe, they said.