As per the reports in the leading newspapers, Securities and Exchange Board of India (SEBI) has asked the mutual fund industry to stop 'Misselling' their schemes to investors. What is 'Misselling' of products?
I. Misselling takes place when mutual funds are sold without telling the likely returns.
II. When agents sell the products without telling investors what are the risks involved in investing in mutual funds.
III. When agents invest somebody's money in mutual funds without their knowledge, it is called misselling.
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