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SAT upholds Sebi penalties on Kotak AMC in Essel case

The Securities Appellate Tribunal has upheld market regulator Sebi's penalties against Kotak Mahindra Asset Management Company. This ruling concerns investments made by its fixed maturity plans in Essel Group-linked entities. The tribunal found Kotak AMC failed to exercise due diligence and violated mutual fund rules.

7 Mar 2026 8:01 am