What is the Association of Mutual Funds in India (AMFI)?
Association of Mutual Funds in India (AMFI)
What is the Association of Mutual funds in India(AMFI)? What is the purpose of creating AMFI? And what are its members? 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,
The Association of mutual funds in India is known as AMFI (AMFI) in the short term, AMFI is a Non-Profit Organization, note that it is not a government institution,
AMFI was established on August 22, 1995, and is a company registered under section 25 of the Indian Companies Act 1956 .
The Association of mutual funds in India (AMFI) has been created as a trading body of all Mutual Funds and its Asset Management Companies (AMCs) registered under SEBI in India,
It is worth noting that - Association of mutual funds in India (AMFI) as a company is designed to develop the mutual fund industry in India in an orderly, professional and ethical manner, which promotes and promotes the mutual fund Takes special care to maintain the credibility of the mutual fund .
Objectives of AMFI (Objectives)
- To define and maintain high professional and ethical standards in all areas of operations of the mutual fund industry,
- AMFI's Members and Capital Markets, Financial Services, Mutual Funds and Asset Management to take care of the activities of the company and create Code of Conduct from time to time to promote the mutual fund industry and maintain its credibility,
- Negotiating with the Securities and Exchange Board of India (SEBI) and representing to SEBI as a representation on behalf of the mutual fund industry,
- Representing the Government, SEBI and Reserve Bank of India for all matters related to the mutual fund industry,
- Responsibility to work on the development of mutual funds all over the country, and awareness campaigns of mutual funds,
- Control over vendors and distributors of mutual funds, cancellation of ARN number of agents of mutual funds on any valid complaint,
- Protecting the interests of mutual fund investors, ie mutual fund unit holders .
Members of Association of Mutual Funds in India (AMFI)
AMFI has a total of 43 asset management companies currently -
- 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 Contribution To Mutual Fund Development
Association of Mutual Funds in India has a very important contribution in the development of mutual funds in India, its biggest example is that - today every person must have heard about the AD campaign being run by AMFI for promoting the Mutual Fund,
Mutual fund is right boss, Mutual fund Sahi Hai boss. !!
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