AMC (Asset Management Company) — Mutual Fund Term Explained

The company that manages mutual fund schemes — like HDFC AMC, SBI Funds, Nippon India MF. SEBI-regulated.

An AMC is the company registered with SEBI that manages a mutual fund's investment portfolio. The AMC employs fund managers and analysts. Major Indian AMCs: HDFC AMC, SBI Funds, ICICI Prudential AMC, Nippon India MF, Kotak MF.

AMCs earn revenue from the expense ratio charged by their funds.

Related terms

• Fund Manager — The professional responsible for managing a mutual fund portfolio — making buy/sell decisions to achieve the stated objective.
• Trustee Company — The legal guardian of mutual fund investors' assets. Oversees the AMC and ensures it operates in investors' best interests.
• SEBI (Securities and Exchange Board of India) — The regulatory authority that governs all mutual funds and securities markets in India. Sets rules for AMC operations and investor protection.
• AMFI (Association of Mutual Funds in India) — The self-regulatory body of Indian mutual funds. Maintains NAV database, certifies distributors and publishes monthly fund flow data.

Browse the full mutual fund glossary, or see this concept in action in the fund screener.