The mutual funds industry in India is regulated by which of the following organizations?
A.IRDA and IFCI
B.SEBI and RBI✓ Correct
C.NITI Aayog and IIFCL
D.Ministry of Commerce and SIDBI
Explanation
Mutual funds in India are primarily regulated by SEBI (Securities and Exchange Board of India), while the RBI also plays a role in regulating money market mutual funds. SEBI is the principal regulator.
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