Meenal Baheti, the former head of risk at Axis Mutual Fund, settled a case with SEBI for ₹19.5 lakhs due to violations of mutual fund regulations. SEBI’s inspection revealed that Baheti, having access to live trade data, recommended stocks to relatives. Similarity was observed between the trades of her relatives and Axis Mutual Fund schemes during her tenure.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets