Mutual funds are regulated by Securities and Exchange Board of India (SEBI) and also ensure polices and norms to be followed by fund managers, ensuring that the money which investor invests are safe and health and it doesn’t contain any type of fraudulent activities. SEBI does not guarantee returns on fund for investor, However returns on fund correspond to the market performance. Asset Management Company (AMC) is the one which launches mutual funds, however company can handle investor’s money or they can heir expertise third party as a Asset Management Company to handle investor’s money to get best returns.