Stable Money’s mutual fund distribution biz suspended by AMFI for 6 months

▤ Summary

AMFI has suspended Stable Money’s mutual fund distribution activity for six months, restricting the company from issuing mutual fund products through November 2026. The move has already disrupted some SIP transactions and forced the platform to pause fresh investments in gold and silver mutual funds. Stable Money says it is reviewing the affected operations and is working with relevant industry and regulatory stakeholders. The company continues to offer fixed deposits, corporate bonds, and other investment products while mutual fund volumes remain a smaller part of its business.

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