Abstract:
Association of Mutual Funds in India (AMFI) was set up on 22nd August, 1995. It was established with the aim to function as a non-profit organization. This association is the chief governing body of all Asset Management Companies (AMC) and is registered with Securities and Exchange Board of India (SEBI).
Association of Mutual Funds of India at a Glance-
Association of Mutual Funds in India (AMFI) was set up on 22nd August, 1995.
The members of Asset Management Companies (AMC) have always carried out the responsibility of introducing new mutual fund schemes under the governance and guidelines of its Board of Directors. Association of Mutual Funds in India has played a significant role in creating a healthy and professional market for mutual funds. It has elevated the standard of the mutual fund investment patterns by introducing more beneficiary schemes to attract more investors. The Association of Mutual Funds is also the main governing body of all Asset Management Companies (AMC). The Association of Mutual Funds in India (AMFI) has been registered with the Securities and Exchange Board of India (SEBI). The main principle religiously followed by AMFI is to protect and promote the mutual funds along with the investors or shareholders.
Important Aspects of Association of Mutual Funds of India-
- AMFI provides professionalism and a proper balance in the mutual fund industry.
- It promotes the highly-efficient business practices as well as the code of conduct in the mutual fund industry among its members and those who are involved in mutual fund investments.
- AMFI is registered with SEBI and follows its suggestions while executing its activities.
- AMFI also represents the Government of India, the Reserve Bank of India and other related higher authority bodies in the mutual fund operations.
- It also provides training programs to hone the skills of those who are involved in mutual fund investments and also develops a team of efficient and skilled agents.
- AMFI also carries out various campaigns and awareness programs to inform the individuals about the basic concept of mutual fund investments.
Contact Details of AMFI-
Association of Mutual Funds in India
106, Free Press House,
Free Press Journal Marg,
Nariman Point,
Mumbai - 400 021,
India.
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