Economics · Supervision of Mutual Funds
If an investor has a regulatory grievance regarding a misleading statement made by a distributor during the initial sales process of a mutual fund, which apex statutory regulator has the ultimate authority for the supervision of mutual funds and investor grievance redressal in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The Association of Mutual Funds in India (AMFI)
- 2The Securities and Exchange Board of India (SEBI)✓
- 3The Asset Management Company (AMC) directly
- 4The Board of Trustees of the specific fund
Correct answer
The Securities and Exchange Board of India (SEBI)
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