Question

How have Indian mutual funds been organized?

a.

Through the Companies Act

b.

Through the Partnership Act

c.

Through the Indian Trust Act

d.

Through the Securities and Exchange Board of India (SEBI)

Posted under IC 89 Management Accounting

Answer: (c).Through the Indian Trust Act Explanation:Indian mutual funds have been organized through the Indian Trust Act, under which they have enjoyed certain tax benefits.

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Q. How have Indian mutual funds been organized?
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