FULL FORM OF AMFI

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               AMFI stand for Association of Mutual Funds In India. Association of Mutual Fund in India came into force in 1995 and its main objective is to protect the interest of investors. The AFMI was instrumental in setting transparent regulation in the Indian Mutual Fund. In the last two decades,it has played a important role in the interest of investors as well as the fund houses. It has made investments more accessible and transparent in mutual funds. So every fund house,trustee,advisors and agent must register with AFMI .

PURPOSE OF AMFI 

  The followings are the purpose of the AMFI.
  
  1.  To make ethical and uniform professional standards every mutual fund houses operation under the association.
  2. To encourage members and investors to work under ethical and professional standard of business norms.
  3. All AMCs ,agent,distributors,advisors and other bodies involved in the capital market or financial services fields must comply the guidelines set by the AMFI.
  4. To communicate with SEBI and comply with their mutual fund regulations.
  5. AMFI report to the Finance Ministry,RBI,and SEBI on matters related to the industry.
  6. To make awareness across the country on safe mutual fund investments.
  7. To disseminate information on mutual fund sector and conduct research and workshop on various types of fund.
  8. AMFI vigilant on code of conduct of everyone included in the functioning if mutual fund industry and take disciplinary action in case of violation of rule and regulation.
  9. Investors can approach to AMFI for their grievances and can register complain against a fund manager or fund house.
  10. AMFI safeguards the interest of investors and asset management companies.            

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