International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 8, Issue 2 (March-April 2026) Submit your research before last 3 days of April to publish your research paper in the issue of March-April.

Regulatory Governance and Investor Protection: Assessing the Impact of SEBI Guidelines on Mutual Fund Operations in India

Author(s) Ms. Ayurshi Kaushal, Dr. Chetan Trivedi
Country India
Abstract The mutual fund industry in India has undergone a remarkable transformation over the past three decades, becoming one of the most trusted and accessible avenues for small and institutional investors alike. This evolution has been primarily guided by the regulatory vigilance of the Securities and Exchange Board of India (SEBI), which has consistently introduced reforms to enhance transparency, investor protection, and market discipline. This research paper critically examines the impact of SEBI’s guidelines on mutual fund operations in India, focusing on the intersection of regulatory governance, market efficiency, and investor confidence.
The paper analyses how SEBI’s comprehensive framework — including the SEBI (Mutual Funds) Regulations, 1996, the categorisation and rationalisation norms, disclosure mandates, and risk mitigation policies — has shaped the conduct, compliance, and governance of mutual funds. It also evaluates emerging challenges such as overregulation, compliance costs, and digital transformation pressures. Through doctrinal and analytical approaches, the study aims to highlight SEBI’s role in balancing innovation with investor protection while ensuring that mutual fund operations remain transparent, accountable, and aligned with global best practices.
Ultimately, this paper argues that SEBI’s evolving regulatory structure not only strengthens financial discipline but also builds trust and participation in India’s capital market ecosystem.
Keywords Mutual Funds; SEBI Guidelines; Investor Protection; Financial Regulation; Market Transparency; Compliance; Corporate Governance.
Field Sociology > Administration / Law / Management
Published In Volume 7, Issue 6, November-December 2025
Published On 2025-11-13
DOI https://doi.org/10.36948/ijfmr.2025.v07i06.60427

Share this