The role of SEBI in the mutual fund industry is to
A
Guarantee returns on mutual fund investments
B
Regulate and supervise mutual funds to protect investors' interests
C
Manage the investments of mutual fund schemes
D
Distribute mutual fund products
Correct Option:
B
Explanation
SEBI regulates and supervises the mutual fund industry to protect investors' interests, enforce compliance with regulations, promote transparency, and ensure fair market practices. It does not guarantee returns or manage investments.
