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Axis Mutual Fund has hired Deloitte as a second investigator in the front-running case after the fund widened the scope of the probe, two people familiar with the development said. Alvarez and Marsal (A&M) is already investigating the matter for Axis Mutual Fund.

We speak with Sachin Trivedi, Head of Research and Fund Manager, Equity, UTI AMC Ltd., about inflation, interest-rate hike and his lessons and experience with rate cycles.

The Securities and Exchange Board of India has issued new norms for index funds and ETFs in both equity and debt space. The 16-page circular covers a lot of ground from equity FoFs to regulations on passive corporate bond funds. The circular also paves way for passive ELSSs.

The ongoing investigation at Axis Mutual Fund on irregularities has been widened in its scope, said Axis Bank MD and CEO Amitabh Chaudhry, while interacting with CNBC-TV18 on the sidelines of the World Economic Forum 2022 at Davos. Chaudhry said this is just to make sure that the investigation doesn’t miss out on anything or anyone. “One of the individuals was a fund manager as well as an equity analyst, so it is important that we look at all the analysts. So, we have expanded that scope,” he said.

“At a broader level, given that we have seen a reasonable move up in rates and it is quite likely that directionally it (rates) is probably headed up, over the next seven or eight months or remaining part of the financial year, one should look at a staggered approach towards adding a bit of duration on the portfolio.”

The stock market is suddenly a dangerous place for many mutual fund investors. Many investors want to know how they can deal with the volatility in the market. That is why ETMutualFunds thought of speaking to fund managers and finding out about their experience dealing with bad phases in the market. This week Anoop Bhaskar, Head-equities, IDFC Mutual Fund, shares his investment journey and his learning from tricky phases in the market. Prior to joining

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

A Balasubramanian started his career as an investment manager thirty years ago. Some of us remember him as the go-to debt fund manager. The debt market was very different. He progressed to become the MD & CEO of Aditya Birla Sun Life Mutual Fund. He still retains his calm demeanor despite a punishing schedule.

ICICI Mutual Fund, the country's second largest asset manager, garnered Rs 3,130 crore of investor flows for its new fund offer (NFO) - ICICI Prudential Housing Opportunities Fund

We are positive on Indian equities over the next two to three years. In this context, we are positive on four themes including a rebound in credit growth and household capex demand that are reflected across our portfolios,” Trideep Bhattacharya, CIO, equities, Edelweiss Asset Management, said in an interview to Moneycontrol.

Chandresh Nigam, MD & CEO, Axis Mutual Fund, said that Axis Mutual Fund will continue to maintain the highest governance standards, stringent protocols in their fund management. Nigam has written a letter to unit holders after the fund house suspended two fund managers recently. There were allegations of frontrunning by them.

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

Axis Mutual Fund, the country’s seventh-largest fund house, has suspended two of its fund managers (one of whom was also its chief dealer), and is investigating irregularities in the funds handled by them. While the investigation is yet to reveal the exact nature of these violations, domestic mutual funds have come under scrutiny for instances of front-running.

It is notified that UTI Mutual Fund has announced merger of its few schemes into UTI Corporate Bond Fund from given effcetive dates:

S Naren - most mutual fund investors know him as a value-conscious investor. This is particularly true of investors who identify him with ICICI Prudential Value Discovery Fund.