InvestmentFinancial Glossary
SEBI (Securities and Exchange Board of India)
Definition
The statutory regulatory body for the securities market in India, established in 1992. SEBI regulates stock exchanges, mutual funds, portfolio managers, investment advisers, and other market intermediaries. It sets rules for fund categorization, expense ratio caps, IPO disclosures, and investor protection.
Why It Matters
SEBI's regulations directly affect your investments. Its 2018 mutual fund recategorization brought order to a chaotic industry. Its expense ratio caps protect you from excessive fees. SEBI's investor complaint portal (SCORES) is your recourse when a broker or AMC does not resolve your grievance.