Mutual funds in India:

  1. are regulated by SEBI
  2. guarantee fix return irrespective of market conditions
  3. pertain to both money market and capital market

Which of the above is / are correct?

Answer: [C] Only 1 & 3

Second statement is incorrect and its commonsense that mutual funds are subject to market risk and do not guarantees fix return. 

This question is a part of GKToday's Integrated IAS General Studies Module