FAQs
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.
What is the role of Association of Mutual Funds in India? ›
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.
What is the difference between SEBI and AMFI? ›
AMFI and SEBI are distinct entities in the Indian financial market. AMFI (Association of Mutual Funds in India) is a self-regulatory organisation focusing on the mutual fund industry. On the other hand, SEBI (Securities and Exchange Board of India) is the primary regulatory body for the Indian securities market.
Who is the CEO of Association of Mutual Funds in India? ›
Venkat Nageswar Chalasani, Chief Executive. Mr. Venkat Nageswar Chalasani has taken over as the Chief Executive of AMFI from January 01, 2024.
Which is the largest mutual fund organization in India? ›
Unit Trust of India (UTI) is the largest Mutual Fund Organisation of India. UTI Mutual Fund was established in 1963. SEBI monitors UTI mutual funds. Leo Puri is the current chairman of UTI Mutual Funds.
Who controls mutual funds in India? ›
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.
What are the 4 types of mutual funds? ›
The majority of mutual funds can be classified into four primary categories: Bond funds, Money Market funds, Target date funds, and Stock funds. Each category possesses distinct characteristics, risks, and potential returns. Below is a comprehensive enumeration of mutual fund types.
Which is the best performing mutual fund in India? ›
BEST MUTUAL FUNDS
- Kotak Flexicap Fund Direct Growth. ...
- Canara Robeco Flexi Cap Fund Direct Plan Growth Option. ...
- LIC MF Flexi Cap Fund Direct Plan Growth Option. ...
- Tata Flexi Cap Fund Direct Growth. ...
- Union Flexi Cap Fund Direct Growth Option. ...
- Mirae Asset Flexi Cap Fund Direct Growth. ...
- Sundaram Flexi Cap Fund Direct Growth.
Who issues Arn? ›
AMFI introduced the process to registerthe intermediaries who have passed the certification test as AMFI Registered Mutual Fund Distributor (ARMFD), thus laying the foundation for an organizedindustry and allotting a unique code-AMFI Registration Number (ARN)along withan identity card.
What is the 8 4 3 rule in mutual funds? ›
Let's take a look at how the 8-4-3 rule works: For example, if we invest Rs 21250 every month at an annual interest rate of 12% for the next 15 years, we will accumulate Rs 1 crore by the end of the period! Rs 21,250 invested every month for the first 8 years, will lead to a corpus of Rs 34.3 lakhs.
The Securities and Exchange Board of India (SEBI) is the leading regulator securities markets in India, analogous to the Securities and Exchange Commission in the U.S.
What is the 20 25 rule for mutual funds? ›
The 20/25 rule for mutual funds is a simple and effective way to diversify your portfolio and reduce your risk. It states that you should invest in no more than 20 mutual funds and no more than 25% of your portfolio in any one fund.
Who is the richest mutual fund manager in India? ›
Top 10 Best Mutual Fund Managers in India
Fund Manager Names | Fund Name | AUM |
---|
Shreyash Devalkar | Axis Mutual Fund | ₹58,601 Cr |
Aniruddha Naha | PGIM India Mutual Fund | ₹12,503 Cr |
R. Srinivasan | SBI Mutual Fund | ₹1,14,343 Cr |
Sankaran Naren | ICICI Prudential Mutual Fund | ₹1,23,053 Cr |
6 more rowsJul 19, 2024
Who is the father of mutual fund in India? ›
Who is the father of mutual fund? The first well-known mutual fund in India was introduced by the UTI (Unit Trust of India), which was founded by the RBI in 1963. The first scheme they introduced was Unit Scheme 1964.
Who regulates AMCs in India? ›
SEBI (Securities and Exchange Board of India) regulates AMCs in India by setting guidelines, rules, and regulations. It oversees compliance, protects investor interests, and ensures transparency in the mutual fund industry.
How many mutual fund companies are there in India? ›
There are as many as 44 AMFI (Association of Mutual Funds in India) registered fund houses in India which together offer more than 2,500 mutual fund schemes. The wide array of funds often make it a little difficult for investors to choose the best scheme for them.
How many mutual companies are there in India? ›
There are 44 asset management companies (AMCs) or mutual fund houses operating in India. These companies manage the investments of investors to fetch them optimal returns.
How many mutual fund registrars are there in India? ›
There are more than 200 RTAs mentioned on the CDSL website and at least 100 RTAs on NSDL You can find the list of registrar and transfer agents on CDSL and NSDL's websites. CAMS and KFin Technologies Limited are two most well-known RTAs of India.
How many AMCs are there in India? ›
There are forty-four registered asset management companies in India. These companies manage investors' funds - invest in various securities to generate optimal returns. Always check the registration and track record of the AMC company before you invest.