MUTUAL FUNDS [ PART 2 ]: UPSC Daily Important Topic | 4 December 2021
Topic– Indian financial market
• Mutual funds, first of all came in the money market (regulated by the RBI), but they have the freedom to operate in the capital market, too.
•This is why they have the provision of dual regulator—the RBI and SEBI.
• Mutual funds are compulsorily registered with the Securities and Exchange Board of India (SEBI), which also acts as the first wall of defence for all investors in these funds. For those who do not understand how mutual funds operate but are willing to invest, the move by SEBI is seen as a big relief.
• Each mutual fund is run by a group of qualified people who form a company, called an asset.
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