BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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

Which of the following organizations is the Mutual Fund Market regulator?

A	AMFI
B	SEBI
C	CIBIL
D	CRISIL

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: -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.

Detailed explanation-3: -SEBI stands for Securities and Exchange Board of India.

Detailed explanation-4: -SEBI in India is the policymaker that regulates the mutual fund industry. The SEBI guidelines for mutual funds protect the investor’s interest. These guidelines help investors to make more stabilised and informed investment decisions. SEBI regulates and promotes the securities of the Indian market.

Detailed explanation-5: -The fees charged by mutual funds are regulated and are subject to certain limits specified by the Securities and Exchange Board of India (SEBI).

There is 1 question to complete.