BANKING AFFAIRS

Detailed explanation-1: -All the Asset Management Companies are governed by SEBI and AMFI. Securities and Exchange Board of India (SEBI) is the Indian Capital Market Regulator which governs and controls every AMC in India.

Detailed explanation-2: -AMFI, the association of all the Asset Management Companies of SEBI registered mutual funds in India, was incorporated on August 22, 1995, as a non-profit organisation. As of now, 42 Asset Management Companies that are registered with SEBI, are its members.

Detailed explanation-3: -The AMC full form in mutual fund is Asset Management Company. AMCs are formed as trust in India. AMCs are firms that pools money from various investors for investing in various securities. The AMC invests the money so collected in various securities like stocks, bonds, Government securities and commodities, etc.

Detailed explanation-4: -Asset manager. Asset managers lead, manage, and govern the acquisition and application of assets within your organization.

Detailed explanation-5: -General introduction to the regulatory framework. SEBI acts as the primary regulator for all funds and asset management or advisory activities in India, in accordance with the SEBI Act, 1992 (SEBI Act).