Stable Money’s mutual fund distribution biz suspended by AMFI for 6 months
Source: Arth Vani
Arth Insight · What this means for your wallet
- 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
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 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
Mutual fund data is sourced from AMFI and shown for information only — funds are subject to market risks. Read all scheme-related documents carefully. Some listings may be sponsored. Not investment advice.
Join the Arth Vani channels
Daily news summaries, IPO & market alerts on Telegram and WhatsApp.
Because you read about Mutual Funds
Tata Debt Fund NAV Delay Reported on AMFI Website, Investors Advised to Verify
A delay in the Net Asset Value (NAV) update for a Tata debt fund has been reported on the AMFI website. Investors holding units in Tata debt funds are advised to directly contact Tata Asset Management or check official AMFI channels for accurate and current information.
BreakingMotilal Oswal Digital India Fund NAV Surges 10% in 5 Days: What Investors Should Know
The Motilal Oswal Digital India Fund has recorded a sharp 10% jump in its Net Asset Value (NAV) within just five trading sessions. This rally highlights a significant recovery in the technology sector and specific digital-first stocks within the fund's portfolio.
New LaunchPrincipal Launches Equity Income ETF, Challenges JEPI
Principal Asset Management has launched a new actively managed equity exchange-traded fund (ETF) in the US, aiming to generate income and capital appreciation. The fund enters a competitive space dominated by established players like JPMorgan's JEPI.
Related Stories
Tata Debt Fund NAV Delay Reported on AMFI Website, Investors Advised to Verify
A delay in the Net Asset Value (NAV) update for a Tata debt fund has been reported on the AMFI website. Investors holding units in Tata debt funds are advised to directly contact Tata Asset Management or check official AMFI channels for accurate and current information.
BreakingMotilal Oswal Digital India Fund NAV Surges 10% in 5 Days: What Investors Should Know
The Motilal Oswal Digital India Fund has recorded a sharp 10% jump in its Net Asset Value (NAV) within just five trading sessions. This rally highlights a significant recovery in the technology sector and specific digital-first stocks within the fund's portfolio.
New LaunchPrincipal Launches Equity Income ETF, Challenges JEPI
Principal Asset Management has launched a new actively managed equity exchange-traded fund (ETF) in the US, aiming to generate income and capital appreciation. The fund enters a competitive space dominated by established players like JPMorgan's JEPI.
Balanced Hybrid Funds Attract More Inflows Than Aggressive Hybrids in August 2026
Balanced hybrid mutual funds saw higher net inflows in August 2026 compared to aggressive hybrid funds, despite aggressive funds delivering better returns. This trend suggests a preference among Indian retail investors for stability and lower risk in their hybrid fund choices.