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AXIS Mutual Fund Scam Explained | Stock Market Latest Fraud Case - YouTube
Channel: Pushkar Raj Thakur: Business Coach
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You must be hearing everywhere on news on
Twitter and on social media that there has
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been a scam of 1000 crores in Axis Mutual
Fund and I know that those who are already
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investors in different schemes of Axis mutual
funds must have panic that what should we
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do now that we sell everything and what to
do and what is this whole matter, you going
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to have a complete understanding in this video
today but before we go ahead, I want you to
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first understand this concept which we call
Front Trading and you must have heard about
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Front Trading and about Insider Trading but
today I will explain to you today through
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the example and then you will understand the
whole matter, then before explaining the meaning
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of Front Trading, you give me answer of one
question that what is the AUM of Axis Mutual
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Fund at this time, what is their Asset Under
Management and I tell you that currently they
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are managing 2.6 lakh crore, means our money
that is invested and the money we invested
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in Mutual fund that money will increase, they
have AUM of 2.6 lakh crore, means they have
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much money and now think that the fund managers
who manage funds in different schemes, how
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they know that in which stock we are going
to invest money and if for example any stock
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is running at 100 and fund manager Know that
we will invest 5000 crore in this fund or
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even also 500 crore then you know that this
Stock price will increase and as money will
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invest in it, this price will run and may
be It will become ₹110 or ₹120, then when
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the price of stock will increase, then who
get this information first, who is taking
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the decision to invest, that fund manager
who know that we are going to invest money
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there, now think before investing money, he
give this information to any group of traders
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that I am telling you that this stock is going
to increase and we will invest money in it
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and will invest so much money and It could
have increased this much.
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Now after that those people should invest
money and whoever is giving this information,
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there can be a percentage of them and their
share can be there and they can make profit
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in any way and they can make profit in any
way and there are many ways of making money
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and now similar case under Axis mutual fund,
it is saying and it is coming in news that
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we researched that the case of front running
is caught and the financial irregularity that
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is being seen in the case of
front trading and front running are illegal
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inside India.
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There can be jail of up to 10 years, If you
are caught in front running and in insider
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trading and you will be charged Rs 25 crore
or up to 3 times of your profit earned as
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a penalty, so here you also understand that
front running is illegal and if before that
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you have noticed that Rajat Gupta, Ex-Ceo
of McKinsey, he was also caught in insider
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trading trading and he was jailed, then that
similar incident is also coming in front of
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people and now let's understand about this
whole matter, there are two people who are
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being sent on leave indefinitely or you say
that they have been fired from the company
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and that two people are, one is Viresh Joshi
and other is Deepak Aggarwal and till now
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there is no statement from the side of Viresh
Joshi and other is Deepak Aggarwal and there
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is no statement till from the side of Axis
Mutual Fund or from SEBI, but that is new
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on all over the social media that both of
them have been fired and questions are being
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raised that who is the MD and CEO of Axis
Mutual Fund currently Chandresh Nigam, questions
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are also being raised on them that they already
knew about this Incident.
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Now what happened, I'll tell you how these
things have come on Front, from the 4th May,
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things have been
viral on social media that Viresh Joshi here
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and here is Deepak Agarwal, their lifestyle
has changed suddenly and he is buying this
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sports car and they also made 500 crore rupees
and it is being said that he has also purchased
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14 apartments near Mumbai and they have more
than 14 apartments and these news are
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coming out like this, so what we get to know
in our research that here this could be a
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mutual fund scam and it can be up to 1000
crores and now question is coming that by
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this the common people who have invested money,
what will happen to them, let's say here that
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these are 7 schemes which were operated by
these two fund managers, then here viresh
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Joshi and Deepak Agarwal were the fund managers
inside these seven schemes, this is Axis Arbitrage
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and Axis Banking ETF and Axis consumption
ETF and Axis Nifty ETF and Axis Quant Fund,
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Axis Technology ETF ABC, Axis Value fund, and
these two fund managers used to manage these
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seven schemes and you all have questions that
what will happen to our money?
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See, if this clarification comes from Axis
Mutual Fund or from SEBI that there is scam
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then for some time NAV can go Down but the
investments of these mutual funds are not
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bad according to me then it is not like that
if companies will grow then their Mutual fund
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will not grow and maybe there will be
no impact in the long term but for the short
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time your NAV can go down, so this is the
incident till now and the facts that have
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come in front of us, and If any considerable information
comes in front of us, then we will share that
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too with you.
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And finally, I personally feel that you guys
don't need to panic because if your money
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is invested in these schemes because there
is SEBI and AMFI in India, which observes
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these financial irregularities very closely
and also takes strict action and now I would
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like to give you a very big information that
if you invest in the mutual Funds and if you
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invest in the stocks and I don't know that
what analysis you do, but you don't invest
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from today without any analysis and I would
like to tell you about a website for your
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analysis which is Ticker Tape and by going
on Ticker Tape you can do an analysis on Mutual
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funds and in fact on Stocks and when you will
go on Ticker Tape, you will find Mutual Fund
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Screener and when you will come in the Mutual
Fund Screener, you will see here that you
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can make investments according to yourself
and for example, you can choose the category that
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if you want to invest money in equity or in
debt then if for example, you are interested
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in equity then you can also choose in equity
that if you want to invest in an index fund or
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in mid-cap or in small-cap and Suppose you
are interested in small-cap fund then small
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cap funds will come in front of you and what
is there Asset Under Management there and
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what is their CAGR and what is their expense
ratio of the last three years and you can track
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everything and here you can track everything
and apart from this, you can also put filters there
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and we take it for three years you can see
CAGR of Five years and apart from this if we talk
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that you want to see expense ratio or PE Ratio
then you can apply a lot of filters here which
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will make it easier for you to analyze the
Mutual Funds and you will be able to choose
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better funds, so I will put the link of Ticker
Tape in the description and in the comment
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box and before investing money if you invest
money in the stocks or if you invest money
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in the mutual fund, first do your analysis and
invest money after that and finally if you
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liked this video then like it and you can
also share so that valuable information will
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reach to more and more people and if you are
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I will see you in the following video till
the time you go self-made.
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