Breach of internal code of conduct will not hurt investors, biz: DSP MF

DSP MF says it is probing action of six sales employees for extending loans to two individuals

DSP Mutual Fund (MF) said Thursday code of conduct breaches by six of its sales department employees will not impact its investors or company's business.

"It is important to note that the said breaches related to transactions done in their personal capacity and have absolutely no effect on investors, distributors or the business. The internal inquiry committee has till date found no evidence of any insider trading or front-running or any other illegal activities. The organisation’s actions are a reinforcement of our commitment and belief in our core pillars: honesty and integrity," said a statement by the fund house.

"There