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Securities and Exchange Board Of India (Mutual Funds) Regulations, 1996 is a set of regulations in India that govern mutual funds. It is enforced by the Securities and Exchange Board of India (SEBI). The regulations have been primarily designed to protect the investors. [1] This replace an older set of regulations from 1993.
The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the administrative domain of Ministry of Finance within the Government of India. It was established on 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992. [1] [5]
The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$590 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$95 billion) recorded in December 2013.
If you’re a mutual fund or ETF investor, then you need to know about net asset value. Here’s the basics.
Mutual Fund License: SEBI is responsible for regulating mutual funds in India and issuing licenses to mutual fund companies. Mutual fund companies are allowed to operate different types of funds such as equity funds, debt funds, and hybrid funds. Equity funds invest primarily in stocks, debt funds invest primarily in bonds, while hybrid funds ...
National Institute of Securities Markets (NISM) is an Indian public trust and also the national apex body for the regulation and licensing of financial market dealing profession in India along with being the central civil service staff training institute of SEBI established in 2006 by the Securities and Exchange Board of India (SEBI) the regulator for the securities market in India.
A mutual fund is an investment fund that pools money from many investors to purchase securities.The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK.
The Unit Trust of India (UTI), first mutual fund in India, was set up by an Act of Parliament in 1963. Mutual funds in India are constituted in the form of trusts under the Indian Trusts Act of 1882. The Unit Trust of India aimed to encourage saving by providing for various classes of investors the facility of investing their money in units of ...