Association of Mutual Funds in India (2024)

FAQs

What is the Association of Mutual Funds in India? ›

AMFI, the association of SEBI registered mutual funds in India of all the registered Asset Management Companies, was incorporated on August 22, 1995, as a non-profit organisation. As of now, all the 42 Asset Management Companies that are registered with SEBI, are its members.

The Securities and Exchange Board of India (SEBI) is India's major regulatory agency for mutual funds. SEBI is responsible for regulating all elements of mutual funds, including the establishment of mutual funds, their operations, the administration of mutual funds, fees charged by mutual funds, and their performance.

How many asset management companies are there in India? There are forty-four registered asset management companies in India. These companies manage investors' funds - invest in various securities to generate optimal returns. Always check the registration and track record of the AMC company before you invest.

The Securities and Exchange Board of India looks after the mutual funds in India. SEBI regulates India's securities market, including mutual funds. Established in 1988, it derived its powers from the Securities and Exchange Board of India Act 1992.

Director at State Bank of India • New Chief Executive to focus on MF industry's growth aspects and AMFI 2.0 strategy. Mumbai, 8 Nov 2023: Association of Mutual Funds in India (AMFI) announced the appointment of its new Chief Executive, Mr. Venkat Nageswar Chalasani.

Navneet Munot, MD and CEO of HDFC Asset Management, will be the new Chairman of the Association of Mutual Funds in India (AMFI).

The fees charged by mutual funds are regulated and are subject to certain limits specified by the Securities and Exchange Board of India (SEBI).

Mutual Fund business

(i) Prior approval of the RBI should be obtained by banks before undertaking mutual fund business. Bank-sponsored mutual funds should comply with guidelines issued by SEBI from time to time.

Which is the oldest mutual fund company in India? ›

From the time India's first ever mutual fund (MF) Unit Trust of India (UTI) was launched over the last 60 years to the time India's first private sector MF was launched in 1993 to present times, mutual funds have grown to the chosen vehicle for the retail investor.

A. Asset Management companies manages multiple mutual fund schemes where investors invest their money in order to earn returns. This money is invested in various financial instruments such as equity securities or debt securities. The formulation of investment portfolio is done by the AMC.

As of December 31, 2023, the total AUM of the MF industry was Rs 50.78 lakh crore, and the share of debt assets was Rs 12.91 lakh crore, per industry body Association of Mutual Funds in India (AMFI).

The Securities and Exchange Commission (SEC) oversees securities exchanges, securities brokers and dealers, investment advisors, and mutual funds in an effort to promote fair dealing, the disclosure of important market information, and to prevent fraud.

A mutual fund is a professionally managed investment scheme that pools money from multiple investors and invests it in a diversified portfolio of stocks, bonds, or other securities. These funds are managed by professional fund managers who make investment decisions on behalf of the investors.

Our Mailing Address

Plot Nos. C-31 / C-32, G Block, Bandra Kurla Complex, Bandra – East, Mumbai – 400 051.

The structure of mutual funds in India is three-tiered: the first is the sponsor, the second is the trust and trustee, and the third is the asset management company. These are the participants who play a key role in the management of mutual funds. Each participant has their individual role to play.