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Sebi slaps 1.6 crore on Kotak AMC’s chief Nilesh Shah and five others

Sebi slaps 1.6 crore on Kotak AMC’s chief Nilesh Shah and five others

New Delhi: Senior Kotak Asset Management Company (AMC) executives, including CEO Nilesh Shah, were fined INR 1.6 crore by the Securities and Exchange Board of India (Sebi) on Thursday for breaking mutual fund regulations by investing in fixed maturity plans of Essel Group firms. The regulator’s adjudicating officer found shortcomings