Which one of the following agencies in the Indian capital market has authority to regulate the mutual fund markets in India?
IRDA
RBI
SEBI
IBPS
A
IRDA
B
RBI
C
SEBI
D
IBPS
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Solution
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The correct option is B SEBI Mutual funds are regulated primarily by Securities and Exchange Board of India (SEBI). In 1996, SEBI formulated the Mutual Fund Regulation. SEBI is also the apex regulator of capital markets and its intermediaries.
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