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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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