New Delhi New Delhi: Capital markets regulator Sebi on Friday imposed a total fine of Rs 16 lakh on Edelweiss Asset Management Ltd, its CEO Radhika Gupta and fund manager Trideep Bhattacharya for violating mutual fund rules. As per the order passed by SEBI, a fine of Rs 8 lakh was imposed on Edelweiss Asset Management and Rs 4 lakh each on Gupta and Bhattacharya. Also, they have been directed to pay the amount within 45 days. While conducting an industry-wide analysis of whether focused funds are healthy or not, SEBI found that Edelweiss Focused Equity Fund (EFEF) had violated the provision of 'an open-ended equity scheme investing in a maximum of 30 shares' in 88 days .
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