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Units of a mutual fund have a similar connotation as shares of a company.
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The unit capital of a fund is the (number of units issued) x (NAV of the fund).
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The funds of each scheme are maintained in a separate bank account.
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The value of a unit cannot go below its face value.
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FRE is charged to the fund at the end of the financial year.
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The Apex regulator of the securities markets is
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The RBI is responsible for the issue of Government securities.
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Powers to regulate stock exchange were given to SEBI by SCRA.
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SEBI insists on the registration of market participants under the specific regulations.
Question 10 reset
Insider trading is controlled by the regulations of

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