A sprawling regulatory probe that has ensnared the Indian partner of Schroders Plc is roiling one of the nations largest asset managers and is poised to shake up Indias $465 billion mutual fund industry, Bloomberg reported.Axis Asset Management .
We already provide retirement solutions and it made sense for us to look at retirement as a market in a 360-degree manner, says Prashanth Tripathy, CEO, Max Life Insurance
The statement comes after reports suggesting that Sebi is carrying out search and seizure operations at several entities including offices of Axis Mutual Fund, stockbrokers, and individuals, as a part of the ongoing investigation into alleged wrongdoings by two former fund managers of the fund house.