Axis Fund Trader's Rs 200 Crore Front-Running Scam - What It Means for Your Portfolio
Key Points
- Viresh Joshi's arrest for front-running exposes a Rs 200 cro...
Viresh Joshi managed Rs 2 lakh crore in assets at Axis Mutual Fund, which sounds impressive until you realize he allegedly used his position to peek at client orders and trade ahead of them - like reading someone's poker cards before placing your own bet. The Enforcement Directorate arrested him for front-running, a fancy term for "I saw your move coming and made money off it first."
The Rs 200 crore scandal isn't just pocket change for Axis - it's a trust-busting bombshell that could shake up India's entire mutual fund industry. When your fund manager starts trading like they have a crystal ...
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