NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Legal and Regulatory Framework
Under the SEBI (Mutual Funds) Regulations, which of the following is the regulator that registers mutual funds in India?
SEBI registers and regulates mutual funds in India under the SEBI (Mutual Funds) Regulations, 1996. AMFI is only a self-regulatory industry association, while RBI regulates banking, so neither of them grants registration to mutual funds.
- AReserve Bank of India
- BSecurities and Exchange Board of IndiaCorrect
- CAssociation of Mutual Funds in India
- DMinistry of Finance
Explanation
Mutual funds in India must be registered with SEBI and are governed by the SEBI (Mutual Funds) Regulations, 1996. AMFI is an industry body and does not register funds. RBI regulates banks and money markets, not mutual fund registration.
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