Thread by @vaid_varun

#Investors should avoid knee-jerk reaction as the investigation is still underway & @AxisMutualFund has already sacked the concerned officials from their responsibilities.

Impacted #mutualfund schemes (image enclosed) haven't been recommended by us at #MasterMindFinnAsset (1/n)

Extent of notional losses that may have occurred to the #investors in these schemes can only be estimated after the probe. Investors may have to wait for further action, disclosures & announcements from the fund house & the regulator around this matter.(2/n) #axismutualfund

Unfortunately @AxisMutualFund is witnessing knee-jerk reaction of #investors via redemptions or stoppage of SIPs/ STPs. Focus of facts not rumors about the management. Such rumors have been there from past 2 years for @FTIIndia as well. (3/n)

The CEO of @AxisMutualFund has already written a detailed note for each & every #investor (image enclosed). The management has taken a proactive measure in the interest of #mutualfund investors. #mutualfundsahihai

We will keep #investors informed about the matter. (4/n)

On @AxisMutualFund front @SEBI_India is leaving no stone unturned & tough stance is being followed, which is very fair in the interest of the #investors. Now, those investors who are redeeming because of this reason in highly unfair. Its ongoing probe wait for the outcome. (5/n)

Media trial should stop as they don't know where & when to stop. Best example is #AryanKhan case where an innocent fellow was being highlighted by media as a conman. And in #FranklinTempleton same media trial happened. "Publish News, Not Your Opinions." (6/n)

Have submitted multiple times that 'Forensic Audit' should be made mandatory of all AMCs by #SEBI after a gap of 3 years of all #MutualFunds. Such instances will surely brought to an end & current probe reflects the tough regulations that are going to come. (7/n)

This image reflects how the unethical practice of #FrontRunning is done. It doesn't harm the #investors but it is highly unethical. Remember #MutualFundsSahiHai & don't judge because of wrong doings of few individuals or firms. There are black sheep's in every industry. (8/n)