Association of Mutual Funds in India (2024)

FAQs

What is the role of Association of Mutual Funds in India? ›

The role of AMFI, inter-alia, is to (i) address the issues and challenges concerning the mutual fund industry to facilitate ease of doing business for its members, unitholders and various stakeholders; (ii) liaison / advocacy with the SEBI/ Reserve bank of India, Government of India etc.

The Association of Mutual Funds in India is a non-profit government organisation in the Mutual Funds' sector that acts as a primary regulator under SEBI.

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.

Read more in the article. The Association of Mutual Funds in India (AMFI) is a self-regulatory organisation (SRO) for the mutual fund industry in India. It was established in 1995 to protect the interests of investors in mutual funds.

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.

AMFI and SEBI (Securities and Exchange Board of India) are distinct entities in the Indian financial market. AMFI is an industry association representing mutual fund companies and working towards industry development. Conversely, SEBI is the overall regulator of the securities market, including mutual funds.

As a key industry organisation, AMFI promotes transparency among fund houses and fosters a high-trust environment that enables citizens to participate in financial markets more efficiently. Through its progressive standards, AMFI works to create a safe and fair investment landscape for all.

The Securities and Exchange Board of India (SEBI) oversees mutual funds in India, ensuring they operate fairly and efficiently. SEBI's mandate encompasses overseeing mutual fund operations, from formation to administration, setting a framework to protect investor interests, and ensuring market integrity.

Who is a Mutual Fund Distributor? A mutual fund distributor is an intermediary who helps investors buy and sell mutual funds in the Indian financial market. They are regulated by both the Securities and Exchange Board of India (SEBI) and the Association of Mutual Funds in India (AMFI).

The Association of Mutual Funds in India (AMFI) is an association of all the Asset Management Companies (AMCs) of SEBI registered mutual fund houses in India. AMFI was incorporated on 22^nd August 1995 as a non-profit organization. As of December 2022, AMFI has 46 Asset Management Companies as its members.

What is the net worth of Radhika Gupta? ›

Radhika Gupta, the new judge on Shark Tank India season 3, has already grabbed eyeballs for bringing her 1-year-old son on the set, setting up working mother goals for everyone. This season, the new entrant on the panel is the CEO of Edelweiss Mutual Fund and enjoys a humble net worth of 41 crore.

Therefore, it is important to know who regulates the mutual fund industry in India. The Securities and Exchange Board of India or SEBI regulates all aspects of mutual funds in India. It has laid down strict rules and regulations to ensure transparency, fairness, and investor protection in the mutual fund industry.

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

The MF industry welcomes over 23,000 new individual MFDs in FY 2023. AMFI data shows that 23,300 individuals have become mutual fund distributors last financial year.

As far as mutual funds are concerned, SEBI formulates policies and regulates the mutual funds to protect the interest of the investors. SEBI notified regulations for the mutual funds in 1993. Thereafter, mutual funds sponsored by private sector entities were allowed to enter the capital market.

Mutual funds are designed as a trust to raise monies through the sale of units to the public for the purpose of investing in securities including money market instruments or gold, in line with a well defined objective. There are some clearly demarcated units in a mutual fund like the sponsor, the AMC, the trustee etc.

Role of MF Distributor

They help educate investors about the different types of mutual funds available, their features, benefits, and risks. They help them understand how mutual funds work and how to choose the right scheme(s) for their individual needs.

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.