What is Association of mutual funds in India (AMFI) ?
1.What is Association of mutual funds in India (AMFI) ?
2.What is the purpose of making AMFI?
3.And which of its members is it?
4.And what is the contribution of association of mutual funds in India in the development of mutual funds in India?
In today's post we will try to understand all these basic questions related to association of mutual funds in India in detail ,
Let us first understand that –
What is ASSOCIATION OF MUTUAL FUNDS IN INDIA?
Association of mutual funds in India is known as AMFI (Emphy) in short, AMFI is a Non-Profit Organization, note that it is not a government institution,
AMFI was established on August 22nd, 1995, and is a company registered under Section 25 of the Indian Companies Act, 1956,
Association of mutual funds in India (AMFI) has been created as a company as a trade body of all mutual funds and its Asset Management Companies (AMCs) registered under SEBI in India,
It may be noted that Association of mutual funds in India (AMFI) as a company, the mutual fund industry in India is designed for systematic, professional, and ethical development, which takes special care of the propagation of mutual funds and maintaining the credibility of the people's wech mutual fund ,
Let us now know the main objectives of AMFI (Amfi) –
Objectives of AMFI (Emphy) (OBJECTIVES)
1.You can also read the purposes of Association of mutual funds in India in 2.the ABOUT AMFI section on its official website,
3.The main objectives of the AMFI are as follows:
4.To define and maintain high professional and ethical standards in all areas of mutual fund industry operations,
To take care of the activities of AMFI's members and capital markets, financial services, mutual funds and Asset Management companies and create CODE OF CONDUCT from time to time to maintain the publicity and credibility of the mutual fund industry,
To represent to the SEBI as a dialogue cooperation with the Securities and Exchange Board of India (SEBI) and representation on behalf of the mutual fund industry,
4. To represent before the Government, SEBI and the Reserve Bank of India for all matters relating to the mutual fund industry,
5.The responsibility of working on the development of mutual funds across the country, and the awareness campaigns of the mutual fund,
6. Controlling the sellers and vendors of the mutual fund, cancelling the ARN number of the agent of the mutual fund on any legitimate complaint,
7. Protecting the profits of mutual fund investors i.e. mutual fund unit holders,
Members of ASSOCIATION OF MUTUAL FUNDS IN INDIA (AMFI)
A total of 43 asset management companies currently in AMFI are members of the
Aditya Birla Sun Life Asset Management Company Limited.
Axis Asset Management Company Ltd.
Baroda Pioneer Asset Management Company Limited
BNP Paribas Asset Management India Private Limited
BOI AXA Investment Managers Private Limited
Canara Robeco Asset Management Company Limited
DHFL Pramerica Asset Managers Private Limited
DSP Investment Managers Private Limited
Edelweiss Asset Management Limited
Essel Finance AMC Limited
Franklin Templeton Asset Management (India) Private Limited
HDFC Asset Management Company Limited
HSBC Asset Management (India) Private Ltd
ICICI Prudential Asset Mgmt. Company Limited
IDBI Asset Management Ltd
IDFC Asset Management Company Limited
IIFCL Asset Management Co. Ltd
IIFL Asset Management Ltd
IL&FS Infra Asset Management Limited
Indiabulls Asset Management Company Ltd
Invesco Asset Management Company Private Limited
ITI Asset Management Limited
M. Financial Asset Management Ltd
Kotak Mahindra Asset Management Company Limited
L&T Investment Management Limited
LIC Mutual Fund Asset Management Company Limited
Mahindra Asset Management Company Pvt. Ltd
Mirae Asset Global Investments (India) Pvt. Ltd
Motilal Oswal Asset Management Company Limited
PPFAS Asset Management Pvt. Ltd
Principal Asset Management Pvt. Ltd.
Quant Money Managers Limited
Quantum Asset Management Company Private Limited
Reliance Nippon Life Asset Management Limited
Sahara Asset Management Company Private Limited
SBI Funds Management Private Ltd
Shriram Asset Management Co. Ltd
SREI Mutual Fund Asset Management Pvt. Ltd
Sundaram Asset Management Company Limited
Tata Asset Management Limited
Taurus Asset Management Company Limited
Union Asset Management Company Private Limited
UTI Asset Management Company Ltd
ASSOCIATION OF MUTUAL FUNDS IN INDIA contribute stake in the development of mutual funds
association of mutual funds in India has contributed greatly to the development of mutual funds in India, the biggest example is that today every man must have heard the campaign AD being run by AMFI to propagate the mutual fund –
The mutual fund is right boss, Mutual fund sahi hai boss.
Moreover, today, the common man is also able to increase his investment in the mutual fund by gradually expanding over the mutual fund because of amfi, and by participating in the Mutual Fund Awareness Campaign,
Today, more than 47 million people have kept the mutual fund investment account open, you can read the mutual fund growth in India in this article of the business line,
So guys,
In today's post, we talked about the Association of Mutual Fund in India, if you have any questions related to AMFI, you must comment and tell, I will definitely try to answer your questions.
Hi , This is Pramod Choudhary from Nagaur Rajasthan India. I an student and I would like to share my positive thinking with everyone that's my passion . Thank you
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