What is happening at Axis MF!
As per media reports and presse release by Axis MF, there are allegations of alleged wrong doing by two team members of the investment team.
Regulator is/will investigate and truth will come out. Now letβs assume that the worst fears of us (1/6)
As per media reports and presse release by Axis MF, there are allegations of alleged wrong doing by two team members of the investment team.
Regulator is/will investigate and truth will come out. Now letβs assume that the worst fears of us (1/6)
turn out to be true. Suppose the investigation find out large scale of front running and profit making by two individuals along with their close associates at the cost of investors in the schemes of Axis MF.
Regulator will ask them to disgorge( returns the money they made)(2/6)
Regulator will ask them to disgorge( returns the money they made)(2/6)
the money. If the money is not recovered from these two individuals then the regulator may ask the AMC/ Sponsor to fund the balance.
The money so made by these individuals will be given back in the schemes of Axis MF. Those who has redeemed even they will also get (3/6)
The money so made by these individuals will be given back in the schemes of Axis MF. Those who has redeemed even they will also get (3/6)
their portion of money made by these individuals at the cost of such investors.
We have seen what happened in 6 schemes of Frankline. The investors got the money back!!!
Axis is not the first incident nor it will be last. There are individuals who cannot resists the (4/6)
We have seen what happened in 6 schemes of Frankline. The investors got the money back!!!
Axis is not the first incident nor it will be last. There are individuals who cannot resists the (4/6)
temptations of easy money and greed.
But unlike other industries, the MF industry emerged stronger after every crisis because it is most transparent/ regulated / scrutinised on daily basis and willing to listen/ learn/ adopt and change!
Can we say the same thing about (5/6)
But unlike other industries, the MF industry emerged stronger after every crisis because it is most transparent/ regulated / scrutinised on daily basis and willing to listen/ learn/ adopt and change!
Can we say the same thing about (5/6)
jewellers taking jewellery back or builders returning the money or refund to the NCD/ FD investors of ILFS/ DHFL and many more.
Remember I said the same thing during Frankline crisis!!! (6/6)
Remember I said the same thing during Frankline crisis!!! (6/6)
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