Ch.3 · Custodian and RTA Functions · easy
What is the regulatory body that oversees mutual funds in India?
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EXPLANATION
SEBI (Securities and Exchange Board of India) is the primary regulator for mutual funds under the SEBI (Mutual Funds) Regulations, 1996. SEBI registers AMCs and mutual fund trusts, approves scheme launches, sets TER limits, and enforces compliance. RBI regulates banking and IRDAI regulates insurance — both separate from mutual funds.
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