Economics • Banking & FinanceEasy
Which entity regulates mutual funds in India?
A. Reserve Bank of India (RBI)
B. Securities and Exchange Board of India (SEBI)✓ Correct Answer
C. Insurance Regulatory and Development Authority of India (IRDAI)
D. Ministry of Finance
💡 Solution & Explanation
The Securities and Exchange Board of India regulates mutual funds, stock exchanges, and all capital market intermediaries to protect investor interests. It was given statutory powers through an act of Parliament in 1992. The Reserve Bank of India regulates commercial banking institutions and monetary policy.
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