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Most mutual funds firms in India are its members. The organisation aims to develop the mutual funds market in India, by improving ethical and professional standards. [2] As of April 2015, there are 44 members. [3] These are asset management companies which are registered with AMFI with assets under management of over ₹27 lakh crore. [4]
The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$590 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$95 billion) recorded in December 2013.
A mutual fund is an 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 SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK.
Investing in mutual funds is a straightforward process. You’ll need an account at a brokerage firm or a mutual fund company. From there, you can research and make your investments. 1. Choose a ...
AMFI – Association of Mutual Funds in India. 1.16 16. EEPC – Engineering Export Promotional Council of India ... Mutual Funds 16. EEPC ... Trade and Investment 17 ...
Investors can buy mutual funds online directly through a fund provider, an investment company or an online brokerage. Here is how … Continue reading → The post How to Invest in Mutual Funds ...