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Axis Asset Administration Firm, which had sacked its two fund managers in Could, on Tuesday stated an in depth probe has discovered that that they had violated securities legislation however emphasised that their conduct wouldn’t have any influence on its operations. The mutual fund promoted by Axis Financial institution terminated the companies of its chief dealer and fund supervisor Viresh Joshi on Could 18, and fund supervisor Deepak Agrawal on Could 20. It was alleged that the 2 people made illicit good points via front-running actions.
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