SEBI, the Securities and Exchange Board of India, writes and enforces the rules. It decides what a fund may hold, how it must be priced, what it may charge, how it must disclose, and what it must call itself. A fund house that breaks the rules answers to SEBI.
AMFI, the Association of Mutual Funds in India, is the industry body. It registers every distributor who sells funds and issues them an ARN. Crowwd's ARN is 364802. AMFI also publishes the industry's data and runs investor awareness campaigns.
Between them sit the custodian, who holds the assets, and the registrar, who holds the record of your units. No single party in the chain can both manage and hold your money. That separation is the protection.
Nobody in the chain both manages and holds your money. That is the whole safeguard.
- How Mutual Funds Are Taxed
- Capital Gains Tax
- Exit Load Explained
- KYC in Simple Terms
- SEBI & AMFI: Who Protects Investors?
- Investor Rights
- Frequently Asked Questions