Stable Money’s mutual fund distribution biz suspended by AMFI for 6 months
Source: Arth Vani
the report said that AMFI has barred Stable Finserv from issuing any mutual fund products between May 21 and November 20, 2026. Stable Finserv operates Stable Money, a fixed-income investment platform backed by Peak XV Partners, Lightspeed, Fundamentum, and Z47.
Your dream home loan @ 8.4%*
Compare offers from 20+ banks in one click.
The Association of Mutual Funds in India (AMFI), the self-regulatory body for the mutual fund industry, has suspended the mutual fund distribution activities of Stable Finserv, the mutual fund distribution arm of fintech startup Stable Money, until November 2026, according to an Economic Times report.
Citing sources, the report said that AMFI has barred Stable Finserv from issuing any mutual fund products between May 21 and November 20, 2026. Stable Finserv operates Stable Money, a fixed-income investment platform backed by Peak XV Partners, Lightspeed, Fundamentum, and Z47.
The move has already impacted some users, with investors reportedly receiving transaction failure messages for SIP investments. According to the report, the communication stated that the distributor or agent code linked to the investment had been restricted by the fund house or regulatory authorities.
Responding to Entrackr's queries, Stable Money said, "We have temporarily paused fresh investments in Gold and Silver mutual funds, including SIPs and lump-sum investments, while certain aspects of our mutual fund distribution operations are under review."
"We are engaging with the relevant industry and regulatory stakeholders in relation to this review. As the process is ongoing, it would not be appropriate for us to comment further on the specifics at this stage. We remain committed to meeting our regulatory obligations and maintaining transparency with our customers," the company added.
Founded in 2022 by former Navi executives Saurabh Jain and Harish Reddy, Stable Money offers fixed deposits, corporate bonds, and mutual fund investment products through its platform.
Stable Money has raised around $65 million to date from investors including Peak XV Partners, Lightspeed, Fundamentum, and Z47. The wealthtech startup was last valued at $175 million and is reportedly in talks to raise an additional $15 million at a valuation of around $275 million
Some listings may be sponsored. Mutual fund data is from AMFI and for information only — funds are subject to market risks. Review terms & suitability before investing. Not investment advice.
Join the Arth Vani channels
Daily news summaries, IPO & market alerts on Telegram and WhatsApp.
Because you read about Mutual Funds
Don’t Panic Buy Global Stocks: Why Local Roots Matter First for Your Wealth
Experts at the ET Alpha Wealth Summit advise Indian investors to view international diversification as a long-term strategy rather than a quick fix for local market dips. While global exposure is growing in popularity, a solid domestic portfolio remains the primary engine for wealth creation.
BreakingInstitutional Favourites: 13 Mutual Fund-Backed Stocks Surge Up To 85% in 2024
High institutional backing has proven to be a strong performance indicator as 13 stocks held by over 100 mutual fund schemes delivered returns between 40% and 85% this year. Data suggests that broad conviction from fund managers often precedes significant price momentum across various sectors.
Gold Rally Over? ICICI Prudential’s Top Fund Manager Shifts Focus to Equity and Debt
Manish Banthia, the fund manager who accurately predicted the recent gold surge, is now advising caution on the precious metal. He suggests that investors should pivot toward a balanced mix of Indian stocks and fixed-income instruments for better long-term value.
Related Stories
ಜಾಗತಿಕ ಷೇರುಗಳನ್ನು ಗಾಬರಿಯಿಂದ ಖರೀದಿಸಬೇಡಿ: ನಿಮ್ಮ ಸಂಪತ್ತಿಗೆ ಸ್ಥಳೀಯ ಹೂಡಿಕೆಗಳೇ ಏಕೆ ಮೊದಲು ಮುಖ್ಯ
ಅಂತರಾಷ್ಟ್ರೀಯ ವೈವಿಧ್ಯೀಕರಣವನ್ನು ಸ್ಥಳೀಯ ಮಾರುಕಟ್ಟೆಯ ಕುಸಿತಕ್ಕೆ ತಾತ್ಕಾಲಿಕ ಪರಿಹಾರವೆಂದು ಪರಿಗಣಿಸುವ ಬದಲು, ದೀರ್ಘಕಾಲದ ಕಾರ್ಯತಂತ್ರವಾಗಿ ನೋಡುವಂತೆ ET ಆಲ್ಫಾ ವೆಲ್ತ್ ಸಮ್ಮಿಟ್ನ ತಜ್ಞರು ಭಾರತೀಯ ಹೂಡಿಕೆದಾರರಿಗೆ ಸಲಹೆ ನೀಡಿದ್ದಾರೆ. ಜಾಗತಿಕ ಹೂಡಿಕೆಯ ಜನಪ್ರಿಯತೆ ಹೆಚ್ಚುತ್ತಿದ್ದರೂ, ಸದೃಢವಾದ ದೇಶೀಯ ಪೋರ್ಟ್ಫೋಲಿಯೋ ಸಂಪತ್ತು ಸೃಷ್ಟಿಯ ಪ್ರಾಥಮಿಕ ಎಂಜಿನ್ ಆಗಿ ಉಳಿಯಲಿದೆ.
ग्लोबल स्टॉक्स की खरीदारी में जल्दबाजी न करें: आपकी संपत्ति के लिए स्थानीय आधार पहले क्यों मायने रखता है
ET Alpha Wealth Summit के विशेषज्ञों ने भारतीय निवेशकों को सलाह दी है कि वे अंतरराष्ट्रीय विविधीकरण (diversification) को स्थानीय बाजार की गिरावट के त्वरित समाधान के बजाय एक दीर्घकालिक रणनीति के रूप में देखें। हालांकि वैश्विक निवेश की लोकप्रियता बढ़ रही है, लेकिन धन सृजन के लिए एक ठोस घरेलू पोर्टफोलियो प्राथमिक इंजन बना हुआ है।
जागतिक शेअर्सची खरेदी घाईने करू नका: तुमच्या संपत्तीसाठी स्थानिक मुळे का महत्त्वाची आहेत
ET Alpha Wealth Summit मधील तज्ज्ञांनी भारतीय गुंतवणूकदारांना असा सल्ला दिला आहे की, आंतरराष्ट्रीय वैविध्यीकरणाकडे (diversification) स्थानिक बाजारातील घसरणीवरचा तात्पुरता उपाय म्हणून न पाहता दीर्घकालीन धोरण म्हणून पाहावे. जागतिक गुंतवणूक लोकप्रिय होत असली तरी, संपत्ती निर्मितीसाठी एक मजबूत देशांतर्गत पोर्टफोलिओ हेच मुख्य इंजिन राहील.
Don’t Panic Buy Global Stocks: Why Local Roots Matter First for Your Wealth
Experts at the ET Alpha Wealth Summit advise Indian investors to view international diversification as a long-term strategy rather than a quick fix for local market dips. While global exposure is growing in popularity, a solid domestic portfolio remains the primary engine for wealth creation.