Which of the following is the primary regulator for mutual funds in India?
A
Reserve Bank of India (RBI)
B
Insurance Regulatory and Development Authority of India (IRDAI)
C
Securities and Exchange Board of India (SEBI)
D
Pension Fund Regulatory and Development Authority (PFRDA)
Correct Option:
C
Explanation
SEBI is the primary regulator of mutual funds in India. It regulates, supervises, and monitors mutual funds to ensure transparency, fair practices, and the protection of investors' interests under the SEBI (Mutual Funds) Regulations.
