Motilal Oswal AIF Settles SEBI Violations for ₹38.76 Lakh

Motilal Oswal AIF and AMC settle SEBI proceedings for alleged AIF regulation violations with a ₹38.76 lakh payment.
AIF retained ₹8.69 crores in penal exit load from 109 defaulting investors instead of crediting it to schemes.
Violations included lack of documented distributor processes and a service deficiency leading to wrongful investor liquidation.
Settlement order issued by SEBI WTMs Kamlesh Varshney and Amarjeet Singh on April 20, 2026, closing the case.