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With the increase in mutual fund players
in India, a need for mutual fund association in India was generated to
function as a non-profit organisation. Association of Mutual Funds in
India (AMFI) was incorporated on 22nd August, 1995.
AMFI is an apex body of all Asset Management Companies (AMC) which has
been registered with SEBI. Till date all the AMCs are that have launched
mutual fund schemes are its members. It functions under the supervision
and guidelines of its Board of Directors.
Association of Mutual Funds India has brought down the Indian Mutual
Fund Industry to a professional and healthy market with ethical lines
enhancing and maintaining standards. It follows the principle of both
protecting and promoting the interests of mutual funds as well as their
unit holders.
The objectives of Association of Mutual Funds in India
The Association of Mutual Funds of India works with 30 registered AMCs
of the country. It has certain defined objectives which juxtaposes the
guidelines of its Board of Directors. The objectives are as follows:
- This mutual fund association of
India maintains a high professional and ethical standards in all
areas of operation of the industry.
- It also recommends and promotes the
top class business practices and code of conduct which is followed
by members and related people engaged in the activities of mutual
fund and asset management. The agencies who are by any means
connected or involved in the field of capital markets and financial
services also involved in this code of conduct of the association.
- AMFI interacts with SEBI and works
according to SEBIs guidelines in the mutual fund industry.
- Association of Mutual Fund of India
do represent the Government of India, the Reserve Bank of India and
other related bodies on matters relating to the Mutual Fund
Industry.
- It develops a team of well
qualified and trained Agent distributors. It implements a programme
of training and certification for all intermediaries and other
engaged in the mutual fund industry.
- AMFI undertakes all India awarness
programme for investors inorder to promote proper understanding of
the concept and working of mutual funds.
- At last but not the least
association of mutual fund of India also disseminate informations on
Mutual Fund Industry and undertakes studies and research either
directly or in association with other bodies.
The sponsorers of
Association of Mutual Funds in India
Bank Sponsored
- SBI Fund Management Ltd.
- BOB Asset Management Co. Ltd.
- Canbank Investment Management
Services Ltd.
- UTI Asset Management Company Pvt.
Ltd.
Institutions
- GIC Asset Management Co. Ltd.
- Jeevan Bima Sahayog Asset
Management Co. Ltd.
Private Sector
Indian:-
- BenchMark Asset Management Co. Pvt.
Ltd.
- Cholamandalam Asset Management Co.
Ltd.
- Credit Capital Asset Management Co.
Ltd.
- Escorts Asset Management Ltd.
- JM Financial Mutual Fund
- Kotak Mahindra Asset Management Co.
Ltd.
- Reliance Capital Asset Management
Ltd.
- Sahara Asset Management Co. Pvt.
Ltd
- Sundaram Asset Management Company
Ltd.
- Tata Asset Management Private Ltd.
Predominantly India Joint Ventures:-
- Birla Sun Life Asset Management Co.
Ltd.
- DSP Merrill Lynch Fund Managers
Limited
- HDFC Asset Management Company Ltd.
Predominantly Foreign Joint
Ventures:-
- ABN AMRO Asset Management (I) Ltd.
- Alliance Capital Asset Management
(India) Pvt. Ltd.
- Deutsche Asset Management (India)
Pvt. Ltd.
- Fidelity Fund Management Private
Limited
- Franklin Templeton Asset Mgmt.
(India) Pvt. Ltd.
- HSBC Asset Management (India)
Private Ltd.
- ING Investment Management (India)
Pvt. Ltd.
- Morgan Stanley Investment
Management Pvt. Ltd.
- Principal Asset Management Co. Pvt.
Ltd.
- Prudential ICICI Asset Management
Co. Ltd.
- Standard Chartered Asset Mgmt Co.
Pvt. Ltd.
Association of Mutual Funds
in India Publications
AMFI publices mainly two types of bulletin. One is on the monthly basis
and the other is quarterly. These publications are of great support for
the investors to get intimation of the knowhow of their parked money.
The mailing address of Association of Mutual Funds in India
Association of Mutual Funds in India
106, Free Press House,
Free Press Journal Marg,
Nariman Point,
Mumbai - 400 021,
India.
Telephone : 91-22-5637 39 07 / 5637 39 08
Fax : 91-22-5637 3909
Website
www.amfiindia.com
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