The year 2023 was eventful for Axis Mutual Fund, the eighth biggest asset management company (AMC) in India with assets of around Rs 2.6 trillion. Post the front-running case where its Chief Dealer was pulled up, first following an internal investigation, and later by the capital markets regulator, the Securities and Exchange Board of India (SEBI), the top management of the fund house has seen an overhaul.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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