What is AMFI?
Association of Mutual Funds in India — the industry body that regulates MF distributors.
Understanding AMFI
AMFI was established in 1995 as the self-regulatory body for India's mutual fund industry. It operates under the oversight of SEBI and sets the code of conduct for all AMCs and distributors registered in India.
AMFI issues and maintains the AMFI Registration Number (ARN) for all mutual fund distributors. It also sets the commission disclosure norms, regulates distributor conduct, and publishes monthly data on AUM, NAV, and fund flows across the industry.
For IFAs, AMFI is the body that certifies and registers them to operate legally. Compliance with AMFI guidelines — including commission disclosures, KYC adherence, and suitability — is mandatory for all registered distributors.
“For Indian IFAs, a clear understanding of amfiis essential to managing a compliant and profitable advisory practice.”
Why AMFI Matters for Your Practice
Staying on top of amfihelps you maintain compliance, serve clients accurately, and build a sustainable advisory business. Fin-Soft's software is built specifically for the needs of Indian IFAs and corporate distributors — covering everything from portfolio tracking to trail reconciliation.
Fin-Soft Solutions' software suite — Wealth Track Auto, AMFI Web, and Online Transaction — automates the workflows related to amfi for investment advisors and corporate distributors across India.
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