News > Axis Mutual Fund sacks second fund manager under probe for front-loading

Axis Mutual Fund sacks second fund manager under probe for front-loading

Axis Mutual Fund has fired Deepak Agrawal, the second fund manager facing a probe for front-loading and insider trading.

In front-running, an illegal market practice, a dealer, trader, or a mutual fund (MF) employee gets wind of a big order (for buying or selling shares) that will be placed by the fund or a big investor and gets 'in front' of the trade.