Securities and Exchange Board of India (SEBI) – SEBI is the primary regulator of mutual fund industry in India. All the mutual funds must register themselves with the SEBI. Mutual Funds are governed under a set of regulations called Securities and Exchange Board Of India (Mutual Funds) Regulations, 1996 which have been designed to protect the investors. Mutual funds can be penalised for violating norms.
In addition to SEBI, mutual funds need to abide by the regulations of following other regulators in a limited manner:
2017 February 24 is a bank holiday in Chandigarh due to Mahashivratri.
2017 February 27 is a bank holiday in Sikkim due to Losar.
2017 March 03 is a bank holiday in Mizoram due to Chapchar Kut.
2017 March 12 is a bank holiday in Jammu And Kashmir due to Holi (Jammu Province Only).