Association of Mutual Funds of India explained

Association of Mutual Funds in India
Abbreviation:AMFI
Type:Trade association (Non Profit Organisation)
Purpose:Represent Indian asset management companies
Location City:Mumbai, Maharashtra
Location Country:India[1]
Area Served:India
Members:44

Association of Mutual Funds in India (AMFI) is an Indian trade association for all the asset management companies of SEBI registered mutual funds in India.

History

It was incorporated on 22 August 1995, as a non-profit organisation. As of now, 44 Asset Management Companies that are registered with SEBI, are its members. Most mutual funds firms in India are its members.

The organisation aims to develop the mutual funds market in India, by improving ethical and professional standards.[2] As of April 2015, there are 44 members.[3] These are asset management companies which are registered with AMFI with assets under management of over lakh crore. [4]

External links

Notes and References

  1. Web site: Contact Us | Mutual Funds in India | Investment Plans | Tax Saving.
  2. Book: IMS PROSCHOOL. Introduction to Financial Planning. 17 April 2015. Tata McGraw-Hill Education. 978-1-259-02825-0. 184.
  3. Web site: Know About AMFI. AMFI. 17 April 2015.
  4. News: Mutual Funds Instrumental In Channelizing Retail Saving into Capital Market: AMFi . The Economic Times.