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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