September 17, 2025

Mumbai: Former Axis Mutual Fund giant Deepak Agrawal found himself in hot water over financial misconduct. The Securities and Exchange Board of India (Sebi) took note of serious charges like sharing stock tips, passing secret trading info, and hiding his director roles. These actions broke mutual fund rules and stirred a regulatory storm! But wait, the story has a twist. Deepak Agrawal decided to settle the case with Sebi by coughing up a hefty sum of Rs 85.8 lakh. That’s not all – he also gave up over 43,000 units as part of the deal. Talk about paying the price! Sebi’s move sends a clear message to fund managers: keep it clean or face the music. This settlement wraps up the case, making sure the mutual fund world stays fair and square. The Times of India (TNN) reported on this eye-catching episode that highlights the importance of honesty in the financial game.

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Tags: Sebi, Deepak agrawal, Axis mf, Financial misconduct, Regulatory settlement, Mutual funds,