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Are Collective Investment Schemes (CIS) regulated by the RBI?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Sarath S asked over 2 years ago

Hello, I am a CA Intermediate | CA IPCC student from Bangalore. I want to know whether the Collective Investment Schemes (CIS) is regulated by the RBI or not. Sarath

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 shaifali answered over 2 years ago

**No**. CIS are schemes where money is exchanged for units, be it time share in resorts, profit from sale of wood or profits from the developed commercial plots and buildings and so on. Collective Investment Schemes (CIS) do not fall under the regulatory purview of the Reserve Bank.

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