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How Axis Mutual Fund plans to turn around its ship now : comparemela.com
How Axis Mutual Fund plans to turn around its ship now
It’s been a little over a year since a massive front-running scandal erupted at Axis Mutual Fund. The firm has since set its house in order and is now readying for a fresh innings.
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Which Was Hit Bya Front Running Scandal Last Year ,
Is Undergoinga Revamp In An Effort To Improve Its Performance And Regain Investor Confidence The Firm Has Appointed New Executives ,
Includinga Ceo And Cio ,
And Plans To Hirea Cro ,
Cfo ,
And Coo The New Cio Plans To Give Fund Managers More Independence Diversify Their Investment Styles Axis Mf Will Also Reduce Concentration Of Its Portfolios Cut Down On Cash Holdings Firm Has Implemented Measures Prevent Fraud ,
Including Routing Orders Througha Bloomberg Software System And Conducting Monthly Audits However ,
Some Experts Are Cautious About The Revamp And Believe It Will Take Time For Firm To Bounce Back ,
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