C] REGISTRATION AND REGULATION OF COLLECTIVE INVESTMENT SCHEMES INCLUDING MUTUAL FUNDS

Registration of Mutual Funds

During the year, registration was granted to one new mutual fund in the private sector. With this registration, there were a total of 37 mutual funds excluding UTI operating in India as on March 31, 1998. Though UTI is not registered with the SEBI, there is an arrangement of voluntary compliance of regulations by the UTI. It may be mentioned here that there are three mutual funds under suspension/have been prohibited from launching new schemes. Table III.7 gives details of mutual funds registered with the SEBI.

Table III.7: Mutual Funds Registered with SEBI

 
Source: SEBI