Multiple choice

The limit on maximum entry or exit load that a fund can charge is determined by the:

  1. SEBI

  2. AMPI

  3. Agents based on demand for the fund

  4. AMC

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

SEBI (Securities and Exchange Board of India) is the regulatory authority that sets limits on maximum entry and exit loads that mutual funds can charge. AMCs (Asset Management Companies) manage the funds, AMFI is the industry association, and agents sell funds - none of these determine load limits.