'Mandate first, gains later; Sebi compliance, never falter': What Supreme Court's Kotak ruling means for mutual fund investors

The Supreme Court dismissed appeals by Kotak Mahindra Asset Management Company on July 13, ruling that fund houses must follow SEBI regulations regardless of financial outcomes. The Bench stated, "Mandate first, gains later; Sebi compliance, never falter." This decision protects investors by ensuring market integrity remains more important than profits.