SEBI is essentially a statutory body of the Indian Government that was established on the 12th of April in 1992. It was introduced to promote transparency in the Indian investment market. Besides its headquarters in Mumbai, the establishment has several regional offices across the country including, New Delhi, Ahmedabad, Kolkata and Chennai.
It is entrusted with the task to regulate the functioning of the Indian capital market. The regulatory body lays focus on monitoring and regulating the securities market in India to safeguard the interest of investors and aims to inculcate a safe investment environment by implementing several rules and regulations as well as by formulating investment-related guidelines.
SEBI India follows a corporate structure. It has a Board of Directors, senior management, department heads and several crucial departments.
To be precise, it comprises of over 20 departments, all of which are supervised by their respective department heads, who in turn are administered by a hierarchy in general.
The SEBI’s hierarchical structure comprises of the following 9 designated officers –
The below-mentioned list highlights some of the most important departments of SEBI –
Besides these, other crucial departments take care of legal, financial and enforcement-related affairs.
Being a regulatory body, SEBI India has several powers to perform vital functions. The SEBI Act of 1992 carries a list of such powers vested in the regulatory body. The functions of SEBI make it an issuer of securities, protector of investors and traders and a financial mediator.
The following pointers offer a brief idea about the same.
The said power facilitates to maintain transparency, accountability and fairness in the securities market.
The Supreme Court of India and the Securities Appellate Tribunal tend to have an upper hand when it comes to the powers and functions of SEBI. All its functions and related decisions have to go through the two apex bodies first.
The Securities and Exchange Board of India Regulations, 1996 is a set of guidelines that have been formulated to manage mutual funds in India. As per the said guidelines, mutual funds in India must register under the Trusts Act, 1882.
Those mutual funds that deal exclusively with the money market must get registered with the RBI. The Asset Management Companies (AMC), which manages mutual funds must be SEBI approved. The trustees of the AMC must ensure that mutual funds are performing as per the regulations. It is also entrusted with the responsibility of monitoring the overall performance of mutual funds.
SEBI India has further issued several mutual funds regulations that the sponsors, asset management companies and shareholders must abide by.
A few of them are mentioned below –
At the end of every calendar year, mutual funds must ensure that they have been in accordance with the guidelines issued by the Securities and Exchange Board of India. It further requires them to make their constituents of the indices public by getting it published in their respective websites.
|Asset Management Company|
|Axis Mutual Fund||DHFL Pramerica Mutual Fund||Principal Mutual Fund|
|Kotak Mutual Fund||Sundaram Mutual Fund||BOI Axa Mutual Fund|
|Reliance Mutual Fund||Invesco Mutual Fund||Union Mutual Fund|
|HDFC Mutual Fund||LIC Mutual Fund||Taurus Mutual Fund|
|SBI Mutual Fund||JM Financial Mutual Fund||Edelweiss Mutual Fund|
|ICICI Prudential Mutual Fund||Baroda Pioneer Mutual Fund||Essel Mutual Fund|
|Aditya Birla Sunlife Mutual Fund||Canara Robeco Mutual Fund||Mahindra Mutual Fund|
|UTI Mutual Fund||HSBC Mutual Fund||Qauntum Mutual Fund|
|Franklin Templeton Mutual Fund||IDBI Mutual Fund||PPFAS Mutual Fund|
|IDFC Mutual Fund||Indiabulls Mutual Fund||IIFL Mutual Fund|
|DSP Blackrock Mutual Fund||Motilal Oswal Mutual Fund||Escorts Mutual Fund|
|TATA Mutual Fund||BNP Paribas Mutual Fund|
|L and T Mutual Fund||Mirae Asset Mutual Fund|