What is the Role of SEBI in Mutual Funds?
The full form of the acronym is ‘Securities And Exchange Board Of India‘.Role of SEBI is to lay out guidelines and regulations for smooth functioning of financial markets and their instruments like Mutual Funds.Although SEBI was established in the year 1988, but it was only in the year 1992, that it was given regulatory powers.The head quarter of SEBI is located at Bandra Kurla complex in Mumbai.It also has offices in various other regions of the country.Its main role is to develop and regulate security markets in such a way that investors interest are taken care of. SEBI is the designated regulatory authority in India for investment and financial markets.
Powers Of SEBI
SEBI’s powers may be divided in three Categories namely-Quasi judicial, Quasi legal and Quasi executive.under its judicial capacity, SEBI may pass new rules, orders and regulations.It may also conduct investigations as and when required.