Mutual funds are regulated by [Corporation Bank 2011]

BANKING GENERAL KNOWLEDGE

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

A	Association of Mutual Funds of India (AMFI)
B	Securities and Exchange Board of India (SEBI)
C	Reserve Bank of India
D	IRDA

Explanation:

Detailed explanation-1: -As far as mutual funds are concerned, SEBI formulates policies, regulates and supervises mutual funds to protect the interest of the investors. SEBI notified regulations for mutual funds in 1993.

Detailed explanation-2: -The SEC is tasked with monitoring and enforcing mutual funds’ compliance with the Investment Company Act as well as all other applicable federal securities laws and regulations.

Detailed explanation-3: -AMFI, the association of all the Asset Management Companies of SEBI registered mutual funds in India, was incorporated on August 22, 1995, as a non-profit organisation. As of now, 42 Asset Management Companies that are registered with SEBI, are its members.

Detailed explanation-4: -Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 [Last amended on August 3, 2022]

There is 1 question to complete.