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Axis Mutual Fund has sacked another fund manager – Deepak Agarwal following the alleged front running case.
In a notice, the fund house said, “The employment of Mr. Deepak Agrawal – Fund Manager with Axis Asset Management Company Limited (‘Axis AMC’) has been terminated with effect from May 20, 2022. Consequently, he ceases to be a Key Person of Axis AMC. Accordingly, all references to Mr. Agrawal in the SAI of the Fund stand deleted.”
A few days back, Axis Mutual Fund has terminated the services of its chief trader and fund manager Viresh Joshi.
Earlier, the fund house suspended both the fund managers over an ongoing investigation against them. A few media reports claim that the two fund managers of the fund house were allegedly involved in front running.
