The Association of Mutual Funds in India (AMFI) is the

regulatory body A regulatory agency (regulatory body, regulator) or independent agency (independent regulatory agency) is a government authority that is responsible for exercising autonomous dominion over some area of human activity in a licensing and regula ...

for

mutual fund A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICA ...

s sector in

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area, the List of countries and dependencies by population, second-most populous ...

. It is a division of the

Securities and Exchange Board of India The Securities and Exchange Board of India (SEBI) is the Regulatory agency, regulatory body for securities and commodity market in India under the ownership of Ministry of Finance (India), Ministry of Finance within the Government of India. It w ...

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Ec ...

Government of India The Government of India ( ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, ...

. It was formed in 1995. Most

s firms in India are its members. The organisation aims to develop the mutual funds market in India, by improving ethical and professional standards. AMFI was incorporated on 22 August 1995. As of April 2015, there are 44 members. These are asset management companies which are registered with AMFI with assets under management of over Rs 27 lakh crore.

References

External links

Official website
Mutual funds of India Financial services companies established in 1995 Financial services companies based in Mumbai 1995 establishments in Maharashtra {{India-org-stub