Economics • Banking & FinanceEasy
Which entity regulates mutual funds and portfolio managers in the Indian financial market?
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. Pension Fund Regulatory and Development Authority (PFRDA)
💡 Solution & Explanation
The Securities and Exchange Board of India functions as the statutory regulator for the securities market, including mutual funds, collective investment schemes, and portfolio management services, under the SEBI Act of 1992. Regulatory bodies like the Reserve Bank of India oversee commercial banking and monetary policy, whereas the IRDAI regulates the insurance sector. Investor protection and market transparency remain the primary mandates of this regulatory framework.
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