AMFI (Association of Mutual Funds in India) — Mutual Fund Term Explained

The self-regulatory body of Indian mutual funds. Maintains NAV database, certifies distributors and publishes monthly fund flow data.

AMFI (Association of Mutual Funds in India) is the industry body representing all AMCs. It maintains the official NAV database (amfiindia.com), certifies distributors, publishes monthly statistics and fund flow data, and runs the 'Mutual Fund Sahi Hai' campaign.

Related terms

• AMC (Asset Management Company) — The company that manages mutual fund schemes — like HDFC AMC, SBI Funds, Nippon India MF. SEBI-regulated.
• 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.
• NAV (Net Asset Value) — The price of one unit of a mutual fund, calculated daily from portfolio value minus liabilities divided by units outstanding.

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