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Mutual funds are regulated by the Securities and Exchange Board of India (SEBI) in India . The mutual fund industry in India is also regulated by the Reserve Bank of India (RBI). The matrix associated with the mutual funds industry is controlled by numerous bodies including Securities Exchange Board of India, Ministry of Finance, Reserve Bank of India, Association of Mutual Funds in India, Investors Association and Income tax regulations.
The Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 is the primary regulation that governs mutual funds in India.
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