Question

Mutual Funds are regulated in India by which among the following?

A RBI Correct Answer Incorrect Answer
B SEBI Correct Answer Incorrect Answer
C Stock Exchanges Correct Answer Incorrect Answer
D RBI and SEBI both Correct Answer Incorrect Answer

Solution

A mutual fund is a fund that is created when a large number of investors put in their money, and is managed by professionally qualified persons with experience in investing in different asset classes-shares, bonds, money market instruments like call money, and other assets like gold and property. Mutual funds are compulsorily registered with the Securities and Exchange Board of India (SEBI), which also acts as the first wall of defence for all investors in these funds, thus are regulated by them.

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