Definition of SEBI (Securities and Exchange Board of India)
SEBI (Securities and Exchange Board of India) is the regulatory and supervisory body for the Indian capital markets. Established in 1992 as a statutory body under the SEBI Act, it regulates stock exchanges, mutual funds, brokers, portfolio managers, foreign institutional investors, and all market intermediaries.
SEBI's key responsibilities include: protecting investor interests, promoting the development of the securities market, and regulating how market players operate. For mutual fund investors, SEBI sets rules on expense ratio caps, fund categorization, disclosure requirements, and governance standards for AMCs.
All mutual fund schemes in India must be registered with SEBI, and any investment advice provided for a fee requires SEBI registration as a Registered Investment Adviser (RIA). When seeking financial advice, always check for SEBI registration.