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"Unaccounted" Deposits Worth Rs 55 Crore Seized After Tax Raids On Ex-Axis Mutual Fund Manager
The Income-tax department has seized "unaccounted" deposits worth more than Rs 55 crore and unearthed "evidences" of large-scale hidden investments after it recently raided Viresh Josh, a former chief trader and fund manager of Axis Mutual Fund.
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Cooperating With Regulatory Bodies In Front-Running Case: Axis Mutual Fund
Axis Asset Management has said that it is cooperating with regulatory authorities amid reports of Sebi carrying out 'search and seizure' at several entities in connection with an ongoing probe in the front-running case at the fund house.
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Axis AMC Sacks Chief Trader Viresh Joshi Over Alleged Front-Running Allegations
Axis Asset Management Company, the mutual fund promoted by Axis Bank, has terminated its chief trader and fund manager Viresh Joshi, who was facing allegations of front-running.
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Axis Asset Management Suspends Two Fund Managers
India's Axis Asset Management said on Friday it has suspended two mutual fund managers as part of an investigation into potential irregularities.
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Ahead Of IPO, LIC Raises Over Rs 5,600 Crore From 123 Anchor Investors
Anchor investors are institutional investors who are allotted shares before an IPO opens but they have to hold their shares for a certain period after listing
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Gland Pharma Garners Rs 1,944 Crore From Anchor Investors Prior To IPO
The anchor investors include Government of Singapore, Nomura, Goldman Sachs, Morgan Stanley, SBI Mutual Fund, Axis Mutual Fund and SBI Life Insurance and Fidelity.
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Rossari Biotech's IPO Set To Open On Monday. Here's All You Need To Know
Rossari Biotech's initial public offer (IPO) will open for subscription for three trading days starting Monday, July 13. Trading in the Rossari IPO will be available from 10:00 am to 5:00 pm. Mumbai-based specialty chemicals maker Rossari Biotech said on Friday it had raised Rs 149 crore from anchor investors, including Abu Dhabi Investment Authori...
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EPFO Advisory Body Against Collection Of PF Dues By Private Banks
An advisory body of EPFO has rejected a proposal to engage private banks -- ICICI, Axis and HDFC Bank -- for collection of PF contribution from employers.
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Axis Mutual Fund Assets Under Management Jumps 35% So Far in FY16
The asset under management for Axis Mutual Fund has jumped 35 per cent to around Rs 36,000 crore so far in the current fiscal.
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MF Houses Pour in Rs 22,000 Cr in Debt Markets in April
This inflow has helped in raising the assets base of mutual fund industry to Rs 11.86 lakh crore mark at the end of last month from Rs 10.83 lakh crore at the March-end.
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Reliance, Axis MFs Get Nod to Raise Stake in MCX upto 5%
Both the funds had separately approached Forward Markets Commission (FMC), seeking approval to raise their stake in MCX, as per the revised shareholding norms issued by the Commission in May last year.
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SUUTI Receives 7 Bids for ETF Fund Manager Mandate: Report
As government seeks to raise Rs 15,000 crore by sale of residual stakes in ITC, L&T and Axis Bank, it has received seven bids from fund houses for managing an exchange traded fund (ETF) created for this purpose.
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Dhanteras: Bourses to Extend Gold ETF Trading Session
National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have decided to extend the trading session for gold exchange traded funds on Tuesday till 7 PM on account of Dhanteras - a day considered auspicious for buying gold.
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HDFC, ICICI Prudential Among Top Three Fund Houses: Report
The top three positions continue to be captured by HDFC, ICICI Prudential Asset Management Company and Franklin Templeton in the past three years, according to a report.
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2013: Mutual fund industry's asset base grows by Rs 1 lakh crore
Following a smart turnaround this year with an increase of over Rs 1 lakh crore in its asset base to nearly Rs 9 lakh crore, the mutual fund industry is looking forward to an even better year ahead.
-
"Unaccounted" Deposits Worth Rs 55 Crore Seized After Tax Raids On Ex-Axis Mutual Fund Manager
The Income-tax department has seized "unaccounted" deposits worth more than Rs 55 crore and unearthed "evidences" of large-scale hidden investments after it recently raided Viresh Josh, a former chief trader and fund manager of Axis Mutual Fund.
-
Cooperating With Regulatory Bodies In Front-Running Case: Axis Mutual Fund
Axis Asset Management has said that it is cooperating with regulatory authorities amid reports of Sebi carrying out 'search and seizure' at several entities in connection with an ongoing probe in the front-running case at the fund house.
-
Axis AMC Sacks Chief Trader Viresh Joshi Over Alleged Front-Running Allegations
Axis Asset Management Company, the mutual fund promoted by Axis Bank, has terminated its chief trader and fund manager Viresh Joshi, who was facing allegations of front-running.
-
Axis Asset Management Suspends Two Fund Managers
India's Axis Asset Management said on Friday it has suspended two mutual fund managers as part of an investigation into potential irregularities.
-
Ahead Of IPO, LIC Raises Over Rs 5,600 Crore From 123 Anchor Investors
Anchor investors are institutional investors who are allotted shares before an IPO opens but they have to hold their shares for a certain period after listing
-
Gland Pharma Garners Rs 1,944 Crore From Anchor Investors Prior To IPO
The anchor investors include Government of Singapore, Nomura, Goldman Sachs, Morgan Stanley, SBI Mutual Fund, Axis Mutual Fund and SBI Life Insurance and Fidelity.
-
Rossari Biotech's IPO Set To Open On Monday. Here's All You Need To Know
Rossari Biotech's initial public offer (IPO) will open for subscription for three trading days starting Monday, July 13. Trading in the Rossari IPO will be available from 10:00 am to 5:00 pm. Mumbai-based specialty chemicals maker Rossari Biotech said on Friday it had raised Rs 149 crore from anchor investors, including Abu Dhabi Investment Authori...
-
EPFO Advisory Body Against Collection Of PF Dues By Private Banks
An advisory body of EPFO has rejected a proposal to engage private banks -- ICICI, Axis and HDFC Bank -- for collection of PF contribution from employers.
-
Axis Mutual Fund Assets Under Management Jumps 35% So Far in FY16
The asset under management for Axis Mutual Fund has jumped 35 per cent to around Rs 36,000 crore so far in the current fiscal.
-
MF Houses Pour in Rs 22,000 Cr in Debt Markets in April
This inflow has helped in raising the assets base of mutual fund industry to Rs 11.86 lakh crore mark at the end of last month from Rs 10.83 lakh crore at the March-end.
-
Reliance, Axis MFs Get Nod to Raise Stake in MCX upto 5%
Both the funds had separately approached Forward Markets Commission (FMC), seeking approval to raise their stake in MCX, as per the revised shareholding norms issued by the Commission in May last year.
-
SUUTI Receives 7 Bids for ETF Fund Manager Mandate: Report
As government seeks to raise Rs 15,000 crore by sale of residual stakes in ITC, L&T and Axis Bank, it has received seven bids from fund houses for managing an exchange traded fund (ETF) created for this purpose.
-
Dhanteras: Bourses to Extend Gold ETF Trading Session
National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have decided to extend the trading session for gold exchange traded funds on Tuesday till 7 PM on account of Dhanteras - a day considered auspicious for buying gold.
-
HDFC, ICICI Prudential Among Top Three Fund Houses: Report
The top three positions continue to be captured by HDFC, ICICI Prudential Asset Management Company and Franklin Templeton in the past three years, according to a report.
-
2013: Mutual fund industry's asset base grows by Rs 1 lakh crore
Following a smart turnaround this year with an increase of over Rs 1 lakh crore in its asset base to nearly Rs 9 lakh crore, the mutual fund industry is looking forward to an even better year ahead.
