Indiabulls AMC, others resolve AIF violations case with Sebi
NEW DELHI: Indiabulls Asset Management Company, now known as Groww AMC, along with its schemes and former officials, settled a case with SEBI regarding alleged breaches of alternative investment fund regulations after a payment of ₹1.43 crore. Those involved in the settlement include Indiabulls AIF, Indiabulls Dual Advantage Real Asset Fund (IBDARA), Indiabulls Real Estate Fund (IBREF), Ambar Maheshwari, Amit Jain, and Parth Muria, as stated in a SEBI order. The case was related to violations reportedly dating back to 2017. In 2023, Indiabulls AMC was acquired by the fintech company Groww. It has three business sectors: mutual funds, alternative…