front-running | SEBI tweaks mutual fund regulations to stop front running in asset management companies telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
The fund house, the seventh largest in the 43-member strong mutual fund industry, has fallen out of investors favour of late on account of weak performances by its equity schemes and changes in the core team including key fund managers.
MFs rush to SEBI to resolve call recording conundrum - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Ashish Gupta, the new CIO at Axis Mutual Fund, along with new CEO B Gopkumar, is in major repair mode about how money is managed at India’s 8th largest mutual fund house. Gupta says the company has strengthened its processes and has been constantly communicating with distributors.
While praising India’s mutual fund sector and its trade body for the stellar work in taking assets under management to Rs 40 lakh crore, SEBI chairperson Madhabi Puri Buch also reminded them that it’s time for more self-regulation.