Mutual funds in India are:
- regulated and monitored by the Securities and Exchange Board of India
- invested in equity as well as in debt market
Which of the above statements is/are correct?
Both are correct statements
Mutual Funds in India are regulated and monitored by the Securities and Exchange Board of India (SEBI). Mutual funds are invested in equity as well as debt market. All mutual fund returns in India are based on the Net asset value NAV which includes ALL costs.
This question is a part of GKToday's Integrated IAS General Studies Module