SEBI's rules and disclosures
The rulebook, and how it is enforced
The last lesson showed the structure. This one shows the referee’s rulebook: what SEBI demands, and what it can do when a fund steps out of line.
Rules follow the SEBI (Mutual Funds) Regulations, 1996, as amended. Education for the NISM Series V-A exam, not financial advice.
- 1
SEBI registers every mutual fund and can inspect, investigate and penalise, so no fund runs unwatched.
- 2
The SEBI (Mutual Funds) Regulations, 1996 are the rulebook every fund must follow.
- 3
Funds must disclose regularly: the scheme documents, the portfolio, the daily NAV, and periodic reports.
- 4
Break the rules and SEBI can fine the fund, bar the people involved, or cancel its registration.
Every scheme publishes its portfolio and its NAV, so you can always check where your money is and what a unit is worth today.
Practice
🔥 0 streakReal exam format. Answer by voice, tap, or press 1 to 4. No negative marking, so always attempt.
Which law is the main rulebook for mutual funds in India?
SEBI's powers over a mutual fund include:
How often must a scheme disclose its NAV?
If an AMC breaks SEBI's rules, SEBI can:
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Education for the exam, not financial advice. Answers can be wrong, so confirm figures against the workbook.