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The case relates to an inspection of mutual funds and portfolio management services (PMS) activities of Invesco Asset Management for the period between October and November 2021.
Invesco Mutual Fund s case pertains to a SEBI investigation about alleged inter-scheme transfers and the breakdown of the Chinese wall between its Indian MF mutual fund and portfolio management services businesses, during the debt fund crisis of 2018-2020.
The order came after the six entities filed settlement applications with the Sebi in October 2023, proposing to settle the pending proceedings through a settlement order without admitting or denying the findings of fact and conclusions of law.