Association of Mutual Funds of India

Association of Mutual Funds in India (AMFI) is an Indian trade association for all the asset management companies of SEBI registered mutual funds in India.

Association of Mutual Funds in India

Abbreviation	AMFI
Formation	22 August 1995; 30 years ago (1995-08-22)
Type	Trade association (Non Profit Organisation)
Purpose	Represent Indian asset management companies
Location	Mumbai, Maharashtra, India[1]
Area served	India
Members	49
Key people	Chalasani Venkat Nageswar (Chief Executive Officer) S L Pandian (Dy. Chief Executive Officer)
Website	www.amfiindia.com

History

It was incorporated on 22 August 1995, as a non-profit organisation. As of now, 49 asset management companies that are registered with SEBI, are its members. 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 August 2025, there are 49 members.^[3] These are asset management companies which are registered with AMFI with assets under management of over ₹75 lakh crore. ^[4]

Objectives

Source:^[5]

The Association of Mutual Funds of India was created with a broad set of purposes, all aimed at fostering a transparent, trustworthy, and well-regulated environment for mutual fund activities across the country. One of its central aims is to establish and promote consistent ethical and professional standards for every aspect of mutual fund operations. This involves making sure that both investors and member organizations comply with regulations while maintaining the highest levels of integrity in their business practices.

AMFI plays a crucial role in guiding various stakeholders in the financial services and capital markets sectors. Distributors, advisors, agents, asset management companies, and related entities benefit from its support in understanding and adhering to established industry guidelines. The association also works hand in hand with the Securities and Exchange Board of India (SEBI), aligning its activities with the regulatory framework governing mutual funds.

Educating investors is another important aspect of AMFI's mission. Across India, it strives to raise awareness about the potential risks associated with mutual fund investments, providing clear and accessible information to enable informed decision-making. In its capacity as an industry representative, AMFI interacts with institutions such as the Reserve Bank of India, SEBI, the Ministry of Finance, and other bodies connected to the money markets.

Part of its outreach involves organizing workshops and educational programs to help the public understand different types of funds and how they operate. Upholding a strict code of conduct is fundamental to AMFI's approach, and it takes disciplinary measures when these standards are breached.

To protect investor interests, AMFI has introduced mechanisms that allow individuals to file grievances or lodge complaints against fund managers or asset management companies. At the same time, it works to safeguard the interests of asset management companies themselves, creating a balanced and fair environment for both investors and industry participants.