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      Question

      Which among the following is not regulated by

      SEBI? 
      A Mutual Funds Correct Answer Incorrect Answer
      B Alternate Investment Funds Correct Answer Incorrect Answer
      C Specialized Investment Funds Correct Answer Incorrect Answer
      D Chit Funds Correct Answer Incorrect Answer
      E All are regulated by SEBI Correct Answer Incorrect Answer

      Solution

      Chit funds are registered by State Governments under the Chit Funds Act, 1982 – an Act administered by the Ministry of Finance but with responsibilities of implementation resting with the States.

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