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Last Updated : Nov 26, 2013 11:10 AM IST | Source:

What is an AMC or mutual fund house?

Chitra Iyer, COO & Financial Coach at MFA discussed about what is an AMC or mutual fund house?

An AMC is actually an asset management company. Every mutual fund house has an AMC associated with it.

The AMC actually runs the mutual funds and designs various schemes under the mutual fund in which investors invest.

The AMC appoints a fund manager who does the daily operations and manages all the various schemes under the mutual fund.

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First Published on Nov 26, 2013 11:10 am
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