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    Question

    AMFI is the regulator of mutual funds in India. It was

    established in the year –
    A 1995 Correct Answer Incorrect Answer
    B 1997 Correct Answer Incorrect Answer
    C 1996 Correct Answer Incorrect Answer
    D 1998 Correct Answer Incorrect Answer
    E 1999 Correct Answer Incorrect Answer

    Solution

    Mutual Funds are investment companies that pool money from various sources and invest in various securities on behalf of such investors. It charges commission for that  and the returns adjusted will be provided to the investors. Association of Mutual Funds in India (AMFI) is the regulating body of mutual funds in the country. It was founded in 1995 and is based in Mumbai. 

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