Mutual funds are regulated by SEBI( Securities and Exchange Board of India). SEBI regulates mutual funds as 1996 Mutual fund regulation. SEBI is also the regulator for wider capital and securities market in India.SEBI was formed in 1988 as a statutory body and drives it powers from SEBI act 1992.
There are a lot of options to invest your money in India. Mutual funds, however, are considered one of the best and highest yielding long-term investment