Singularity AMC Settles AIF Violation Case with SEBI for Rs 40.5 Lakh
Singularity AMC, based in Mumbai, has settled two major cases with the Securities and Exchange Board of India (SEBI) involving alternative investment fund violations. The company paid Rs 40.5 lakh as part of the settlement. The violations included failing to maintain the required interest in the Singularity Equity Fund and excessive drawdowns in three of its schemes.
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