AMFI, The Association of Mutual Funds in India, a non-profit government organization. SEBI regulates it primarily. Further, it dedicates itself to maintaining a Mutual Fund industry that is run across ethical lines.
It maintains a high level of standard in its operation. Additionally, it ensures that investors are informed about mutual funds. These data flows in the form of press releases, expense ratio, ETF’s, etc. AMFI keeps investors informed particularly about news related to mutual funds of India.
AMFI has always plays a crucial role in maintaining sound regulations. Moreover, it contributes immensely to protect the interest of the investors as well as the fund houses. It is due to their practices and high ethical standards, mutual fund operations carry on so smoothly.
As a matter of fact, 45 AMCs that are registered with SEBI, are its members. With attention to make the investments more accessible, fund houses, trustees, advisors, intermediaries should register.
Above all, AMFI also puts out an advertisement. It informs the investors about mutual funds as well as the risk associated with them.
AMFI has set out a certain Code of Ethics. Its mandatorily to follow this Code of Ethics. AMCs must follow these ethics in the operations. The operation of dealing with investors, intermediaries, and the general public.
The AMFI Registration Number (ARN) is a unique number. This number gets allotted to individual agents, brokers, including other intermediaries. They are engaged in selling mutual funds of India.
However, the ARN is allotted to only those who hold NISM certificate under the National Institute of Securities Market. It is a training institute that offers certifications related to the securities market. On completion of the training, the NISM certificate is provided.
ARN holders must apply for renewal before six months of the expiry period. The validity gets extended if the application form is in order
Brokers and intermediaries help introduce investors to the world of mutual funds. It is, for this reason, it’s important to learn about the credibility of them.
The AMFI Registration Number(ARN) is a unique number. It is allotted to individual agents, brokers as well as other intermediaries.
The registered fund houses or intermediaries understand the various mutual funds and their types. They have deep knowledge of the ever-changing markets. It is important to keep a track of the ARN. This is to ensure the credibility of the fund houses.
Obviously, keeping just a track of the ARN would not be of any usefulness alone. The history of the fund house, any important updates w.r.t the mutual fund industry as a whole serves the purpose.
The AMFI Code of Ethics sets out the standards of good practices. This code needs to be followed by the Asset Management Companies.
The intermediaries play a crucial role in promoting the sale of mutual funds. The way of conducting business, adhering to the highest quality standards impacts the growth of mutual fund industry.
In order to register such intermediaries, AMFI introduced the registration process. This process is for those who have passed the certification test. The test which enables them to obtain an ARN.
The AMFI Registration Number ARN is a unique number. It identifies these intermediaries as AMFI Registered Mutual Fund Advisors (ARMFA).
|Aditya Birla Sun Life AMC Limited||IIFCL Asset Management Co. Ltd.||PPFAS Asset Management Pvt. Ltd.|
|Axis AMC Ltd.||IIFL Asset Management Ltd.||Principal Asset Management Pvt. Ltd.|
|Baroda Asset Management India Limited||IL&FS Infra Asset Management Limited||Quant Money Managers Limited|
|BNP Paribas AMC Private Limited||Indiabulls AMC Ltd.||Quantum AMC Private Limited|
|BOI AXA Investment Managers Private Limited||Invesco Asset Management (India) Private Limited||Sahara AMC Private Limited|
|Canara Robeco AMC Limited||ITI Asset Management Limited||SBI Funds Management Private Ltd.|
|DSP Investment Managers Private Limited||JM Financial Asset Management Limited||Shriram Asset Management Co. Ltd.|
|Edelweiss Asset Management Limited||Kotak Mahindra AMC Limited||SREI Mutual Fund Asset Management Pvt. Ltd.|
|HDFC AMC Limited||Mahindra Manulife Investment Management Pvt Ltd||Taurus AMC Limited|
|ICICI Prudential AMC Limited||Motilal Oswal AMC Limited||Union AMC Private Limited|
Taxation on mutual funds is a complex topic. Taxes paid on your mutual fund investments vastly depend on factors such as what kind of funds you have invested in, the duration of your investment, which income tax slab you belong to and so on.