Units of a mutual fund have a similar connotation as shares of a company.

The unit capital of a fund is the (number of units issued) x (NAV of the fund).

The funds of each scheme are maintained in a separate bank account.

The value of a unit cannot go below its face value.

FRE is charged to the fund at the end of the financial year.

The Apex regulator of the securities markets is

The RBI is responsible for the issue of Government securities.

Powers to regulate stock exchange were given to SEBI by SCRA.

SEBI insists on the registration of market participants under the specific regulations.

Insider trading is controlled by the regulations of