News From Press Axis AMC, former CEO Nigam, others pay Rs 6.27 cr to Sebi to settle MF norms violation case

Axis AMC, former CEO Nigam, others pay Rs 6.27 cr to Sebi to settle MF norms violation case

Source: ET Mar 26, 2025

Axis Asset Management Company (AMC), its Trustee, former CEO Chandresh Kumar Nigam and three other individuals have settled with Sebi a case of alleged failures in monitoring the activities of dealers, leading to the front-running of Axis Mutual Fund trades. The settlement also includes former compliance officer Darshan Kapadia, ex-head of equity Jinesh Gopani and former dealer at the AMC Pawan Jhangiani, according to a Sebi order passed on Monday.

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