Axis MF front-running case: Sebi exposes ‘Jadugar’ but it must bring in systems to nab more Houdinis

Axis MF front-running case: Sebi exposes ‘Jadugar’ but it must bring in systems to nab more Houdinis


On January 19, 2022 an e-mail hit the servers of Axis Mutual Fund (Axis MF) — one of the top 10 mutual fund companies in India if we go by assets under management. The mail was addressed to Viresh Joshi and many other key employees at the fund. The said e-mail was sent by one Bhavin Shah via ibhavinshah@gmail.com. The mail went like: “My name is Bhavin Shah and I am having my demat account in Marfatia Stock Broking. I want to report that my

( Originally published on Mar 07, 2023 )



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Author: Shirley