Economics • Banking & FinanceEasy
Which entity acts as the primary regulator for mutual funds and alternative investment funds in India?
A. Securities and Exchange Board of India (SEBI)✓ Correct Answer
B. Reserve Bank of India (RBI)
C. Insurance Regulatory and Development Authority of India (IRDAI)
D. Pension Fund Regulatory and Development Authority (PFRDA)
💡 Solution & Explanation
The Securities and Exchange Board of India serves as the statutory regulator governing mutual funds, portfolio managers, stock exchanges, and alternative investment funds under the SEBI Act of 1992. Alternative institutions like the Reserve Bank of India oversee commercial banking operations, whereas insurance and pension sectors fall under separate regulators like IRDAI and PFRDA. This regulatory framework aims to protect investor interests and promote transparent development of the securities market.
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