Who regulates the Mutual Funds in India?

a. FRBI

b. SEBI

c. SIDBI

d. RBI

ANSWER: SEBI

Explanation:

The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India.

Controller of Capital Issues was the regulatory authority before SEBI came into existence; it derived authority from the Capital Issues (Control) Act, 1947.

Organization structure of SEBI

The chairman who is nominated by Union Government of India.

Two members, i.e., Officers from Union Finance Ministry.

One member from the Reserve Bank of India.

The remaining five members are nominated by Union Government of India, out of them at least three shall be whole-time members.

SEBI - The Securities and Exchange Board of India

Founded - 12 April, 1992

Headquarters - Mumbai, Maharashtra

Current Head - U. K. Sinha (Chairman)