Question

What is the history of Mutual Funds in India and role of SEBI in mutual funds industry?

Answer 1

✔✔ Hello mate ✔✔

here's your answer  

Unit Trust of India was the first mutual fund set up in India in the year 1963. ... The objectives of SEBI are - to protect the interest of investors in securities and to promote the development of and to regulate the securities market.  

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Hope it helps you

Answer 2

Answer:

mutual funds are  introduced in INDIA in 1964  first time but it recognized  in 1987 .

Explanation:

History :  First Phase :1964-1987

              second phase: 1987-1993 public sectors

              Third phase  :  1993-2003 private sectors

              forth phase since:  Feburary 2003- April 2014

              Fifth phase (current) :  May 2014.

SEBI: Securities Exchange Board of India

SEBI acts as a watchdog for all the capital market participants and its main purpose is to provide such an environment for the financial market enthusiasts that facilitate efficient and smooth working of the securities market.