Which organization regulates Mutual funds in India?

Which organization regulates Mutual funds in India?
[A]RBI
[B]SEBI
[C]Finance Ministry
[D]SBM

SEBI
SEBI formulates policies and regulates the mutual funds. It notified regulations in 1993 and issues guidelines from time to time. Mutual funds, either promoted by public or by private sector entities including one promoted by foreign entities are governed by these regulations.

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