Which of the following statements is "True" with respect to celebrity endorsement for mutual funds?
A
SEBI has permitted celebrity endorsement at the industry level for the purpose of increasing the awareness of mutual funds
B
SEBI has permitted celebrity endorsements for the promotion of individual mutual fund schemes
C
Celebrities can endorse only NFOs
D
Celebrities can endorse only ongoing mutual fund schemes
Correct Option:
A
Explanation
SEBI permits celebrity endorsements only for industry-level mutual fund awareness campaigns. Celebrity endorsements of individual mutual fund schemes are not permitted to prevent misleading promotions.
