Moneycontrol
Get App
Last Updated : Nov 26, 2013 11:10 AM IST | Source: Moneycontrol.com

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.



Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.
Get best insights into Options Trading. Join the webinar by Mr. Vishal B Malkan on May 28 only on Moneycontrol. Register Now!

First Published on Nov 26, 2013 11:10 am
Sections
Follow us on