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NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Legal Structure of Mutual Funds in India

Who is the regulator that registers mutual funds in India, and with whom must the trust deed be registered?

SEBI registers mutual funds in India, and the trust deed constituting the fund is registered under the Indian Registration Act, 1908. AMFI is only an industry body and RBI or IRDAI do not register mutual funds.

  1. ARBI registers the fund; trust deed is registered under the Registration Act
  2. BSEBI registers the fund; the trust deed is registered under the Indian Registration Act, 1908Correct
  3. CAMFI registers the fund; trust deed is registered with the stock exchange
  4. DIRDAI registers the fund; trust deed is registered with SEBI

Explanation

Mutual funds must be registered with SEBI, and the trust deed is registered under the Indian Registration Act, 1908. AMFI is an industry body without registration powers, and RBI and IRDAI do not register mutual funds.

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