Former Axis MF fund manager pays fine to settle Sebi rules violation case

Sebi has settled proceedings against Deepak Agrawal, a former Axis MF fund manager, after he paid 85.8 lakh and surrendered over 43,000 mutual fund units. This action follows allegations of violating market norms, including sharing stock tips and divulging sensitive information. Agrawal settled without admitting or denying the charges.