As perthe reports in the leading newspapers the Securities & Exchange Board of India (SEBI) has asked the Mutual Fund industry to stop .Misselling. their schemes to investors. What is .Misselling. of products?begin{enumerate}item Misselling takes place when mutual funds are sold without telling the likely returns.item When agents sell the products without telling investors what are the risks involved in investing in mutual fundsitem When agents invest somebodys money in mutual funds without their knowledge, it is called misselling.end{enumerate}

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

As perthe reports in the leading newspapers the Securities & Exchange Board of India (SEBI) has asked the Mutual Fund industry to stop .Misselling. their schemes to investors. What is .Misselling. of products?

A	Only 1
B	Only 2
C	Only 3
D	None of these

Explanation:

Detailed explanation-1: -The Securities and Exchange Board of India has set an overall industry level limit of USD 7 billion for mutual funds to invest in overseas securities and funds and a separate limit of USD 1 billion for investment in overseas ETFs.

Detailed explanation-2: -Form NS is the Standard Offer Document for schemes launched by Mutual Funds under the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.

Detailed explanation-3: -An equity fund is a mutual fund scheme that invests predominantly in equity stocks. In the Indian context, as per current SEBI Mutual Fund Regulations, an equity mutual fund scheme must invest at least 65% of the scheme’s assets in equities and equity related instruments.

There is 1 question to complete.