AMFI bars Stable Money from distributing mutual funds for six months
Published on: June 5, 2026, 6 a.m. | Source: The Economic Times
Fintech firm Stable Finserv, backed by Peak XV Partners and Lightspeed, faces a ban from distributing mutual funds until November 2026. The Association for Mutual Funds in India imposed the restriction, impacting investors' SIPs. While the exact reason remains unclear, industry insiders suggest potential violations in advertising or documentation. This comes despite recent significant funding for the startup.
