Reports allege that a couple of fund managers in access mutual fund house have been dabbling in such a thing. Sebi is already investigating the matter, despite no official confirmation from the regulator. In the event they are found guilty, sebi could impose penalties of up to 20 fi cros and also initiate criminal proceedings if they so desire. But what about the retail investors? Doesn't it shake their confidence in the ecosystem? After all, this isn't a one off. It has happened at h t f mutual fund, it happened at docher mutual fund, and it has happened at reliance securities.
The mutual fund industry is once again in the limelight after two fund managers at Axis Mutual Fund were suspended pending an investigation. So, in today’s episode for 10th May 2022, we explain what the allegations are and why everyone seems to be talking about them.
We've launched a new endeavor to give simplified health and life insurance advice via Ditto Insurance. Book a free consultation call with our advisors or just drop us a text on WhatsApp for all your insurance queries.
Check out Ditto: https://bit.ly/3ym6GjO
Insta- https://www.instagram.com/joinditto/
Twitter- https://twitter.com/joinditto