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Singularity AMC Settles Sebi AIF Violation Cases For Over Rs 40 Lakh
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News18•12-10-2026, 20:45
Singularity AMC Settles Sebi AIF Violation Cases For Over Rs 40 Lakh
- •Mumbai-based Singularity AMC paid Rs 40.5 lakh in settlement charges to resolve two alternative investment fund rule violation cases with Sebi.
- •The first case involved paying Rs 9.37 lakh for failing to maintain the prescribed continuing interest in the Singularity Equity Fund.
- •The second case involved a payment of Rs 31.12 lakh for disproportionate drawdowns across three schemes of Singularity Growth Opportunities Fund.
- •Singularity AMC filed suo-motu settlement applications without admitting or denying the findings of facts and conclusions of law.
- •Sebi confirmed that the settlement amounts have been paid and no enforcement action will be initiated for the covered violations.
Key Questions Answered
Singularity AMC paid Rs 40.5 lakh in settlement charges to resolve two cases concerning alleged violations of alternative investment fund (AIF) norms.
Sebi found that the manager or sponsor failed to maintain the prescribed continuing interest of at least 5 percent or Rs 10 crore in the Singularity Equity Fund, and that drawdowns were disproportionate in three other schemes.
No, Singularity AMC filed suo-motu settlement applications with Sebi without either admitting or denying the findings of facts and conclusions of law.
