India, June 5 -- Peak XV Partners-backed wealthtech startup Stable Money has reportedly been barred by the Association for Mutual Funds in India (AMFI) from distributing mutual fund products.

Citing sources, ET reported that the mutual fund industry body has suspended Stable Money Finserv from issuing any mutual funds from May 21-November 20, 2026.

Without confirming AMFI's involvement, Stable Money said it has temporarily paused fresh investments in gold and silver mutual funds, including SIPs and lump sum investments. Additionally, certain aspects of Stable Money's mutual fund distribution operations are under review, the startup said.

"We are engaging with the relevant industry and regulatory stakeholders in relation to this review....