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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The fund house has fallen behind its peers. What explains the sub-par performance?
Amitabh Chaudhry’s strategy to turn things around at Axis Mutual Fund has been rather underwhelming. The fund house has lost market share by 222 basis points in the last three years, leaving a lot to be desired at a company that has been trying hard to stage a comeback.
When Axis Mutual Fund was hit by front-running allegations in May 2022, Chaudhry—Axis Bank CEO, who also serves as chairman of the board of Axis Asset Management Company, which manages Axis Mutual Fund—took a slew of measures. A major leadership shake-up followed in March the following year, where a couple …
