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AMFI - Association of Mutual Funds in India

Updated on June 13, 2024 , 37989 views

AMFI stands for Association of Mutual Funds in India. AMFI India is actually an association of SEBI registered Mutual Funds in India and is well known for “AMFI NAV” facility it provides. It was incorporated on August 22, 1995, as a non-profit organisation. The AMFI "locate distributor" services available on the AMFI website ( is used to locate certified Mutual Fund distributors within a certain area. Other services provided include- AMFI NAV, circulars, newsletters, updates and other data related to the Mutual Funds industry. Also, many years ago, it used to conduct an exam for distributor certification called "AMFI exam". Do AMFI registration, find AMFI NAV by simply visiting

Key Information of AMFI is listed below:

Name Association of Mutual Funds in India
Incorporated Date August 22, 1995
Chief Executive Mr. N. S. Venkatesh
Dy. Chief Executive Mr. Balkrishna Kini
No.of AMCs 43
Telephone +91 22 43346700
Fax + 91 22 43346722
E-mail address contact[AT]
Working Hours- 10 a.m. to 6 p.m Mon-Fri
headquartered Mumbai - 400 013


The Association of Mutual Funds in India also provides a host of other services too. The daily Net Asset Values (NAV) of all mutual funds are available. Those who search for AMFI NAV or the AMFI NAV history can directly do it on the website and download the Net Asset Value (NAV) for the set of schemes. The historical values of the NAV are also available on the AMFI website.

Role of AMFI India

The Association of Mutual Funds in India was set up to maintain overall standards in the Mutual Fund industry. Firstly, AMFI is entrusted to maintain and define the ethical and professional standard in all operational areas of the industry. Secondly, it also recommends the code of conduct and best practices for all its members, those engaged in activities of Mutual Funds including agencies involved or connected with them. Since as a body it represents Mutual Funds, the Association of Mutual Funds in India also makes representation to SEBI, the Government, RBI and other bodies on matters related to the Mutual Fund industry. It also undertakes the activity of getting a training and certification program in place for all intermediaries and those engaged in the Mutual Fund industry.

Over the years, the Association of Mutual Funds in India has also worked towards getting an investor awareness program on mutual funds. It additionally takes research and studies directly or indirectly and disseminates information on the Mutual Fund industry. AMFI has a lot of committees to ensure it progresses on each of its objectives. Some of the prominent committees are:

a. Committee on Valuation

b. Committee on Operations & Compliance

c.Committee on Registration of Certified Distributors

d. Committee on Financial Literacy

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Objectives of AMFI

  • Outlines ethical and uniform professional standards in every mutual fund operation under the association

  • Encourages members and investors to maintain ethical business practices and regulations

  • Gets AMCs, agents, distributors, advisories and other bodies involved in the capital market or financial service fields to comply with their guidelines

  • Networks with SEBI and comply with their mutual fund regulations

  • Represents the Finance Ministry, RBI, and SEBI on everything related to the industry

  • Spreads awareness across the country on safe mutual fund investments

  • Distributes information on Mutual Fund Sector and conduct research and workshops on various funds

  • Keeps a check on Code of Conduct of everyone included and take disciplinary action in case of rule violations

  • Investors can approach AMFI to air their grievances and register complaints against a fund manager or a fund house.

  • Safeguards the interest of investors and asset management companies

AMFI Registration & Other Services

The AMFI website ( is a repository of information on mutual funds with the latest updates, monthly & quarterly. Its website gives basic information on types of mutual funds, information related to intermediaries, circulars, and announcements, new funds offer (NFOs), etc. As an investor, one can go to the site to get general awareness about the industry.

AMFI Registration Number or ARN

AMFI Registration Number (arn) is a unique number assigned to mutual fund agents, distributors, and brokers. Only those who clear NISM Certification can get one. And if you are a senior citizen, passing the CPE (Continuing Professional Education) is mandatory for the same. Without this number, you cannot sell a mutual fund or even recommend one.

AMFI issues ARN ID card to companies and individuals engaged in mutual fund trading. Remember, NISM certificate is valid only for 3 years. It entails name of the AMC, a photo of the cardholder, ARN number, address of the corporate and validity (3 years). Therefore, it is easier for investors to cross-check.

Online registration & renewal of ARN

  • i. For ARN registration or renewal, link your Aadhaar and registered mobile number

  • ii. In case, you have not submitted the Aadhar details, apply manually

  • iii. Pay the fee to register or renew ARN via online banking

  • iv. There is no need to submit your NISM passing certificate to register/renew as CAMS can import it directly from NISM

  • v. Once they verify the documents uploaded on AMFI portal, you get a new ARN license instantly

    Steps to register/renew ARN offline

  • i. Visit the official AMFI portal and login using your credentials

  • ii. ARN number will be the user id, and the password is sent to your email by CAMS

  • iii. After authentication, AMFI gets your personal info directly from NISM

  • iv. Once you clear the NISM certification/CPE completion, pay the fee online (net banking or debit/credit card) or directly at the fund house

  • v. The registration/renewal of ARN/EUIN happens immediately

Online MF Distributor

Though offline mode is still a large contributor, online transactions are picking up due to easing regulations and higher acceptance of the product. Few like us are in online category.


A couple of years ago AMFI used to conduct the exam for certification for the Distributors of Mutual Funds. The AMFI exam was discontinued from 1st June 2010. Prior to June 2010, the Association of Mutual Funds in India used to conduct the exam and pass on the Certificate to successful candidates. As an initiative by SEBI, the AMFI exam was moved to the National Institute of Securities Markets(NISM). SEBI wanted to bring the certification of all financial products under one umbrella with NISM and hence this decision was taken. With the change, the AMFI exam is now called NISM-Series-V-A: (5A) Mutual Fund Distributors Certification Exam. The details of the AMFI exam(now NISM) are as below:

Fees (Rs.) Test Duration (in minutes) No. of Questions Maximum Marks Pass Marks* (%) Certificate # Validity (in years)
1500+ 120 100 100 50 3

No negative marks for incorrect answers. (Source: NISM website)

AMFI Study Material

The AMFI study material was the educational workbook used by candidates to study and prepare for the AMFI exam. With the exam itself moving from Association of Mutual Funds in India to NISM, this material is now with NISM. One can search on the internet for many websites offering material on the same. NISM's workbook is also given below for reference.

Download NISM Workbook

AMFI Locate Distributor

With many customers requiring support and face to face interaction to understand Mutual Funds. The Association of Mutual Funds in India has this service called "locate a distributor". By entering the city and PIN code of the area one stays in one can locate the names of various distributors in the vicinity.

Why Investors must be aware of ARN

Brokers, agents, and middlemen play a key role in encouraging more investors to invest in mutual funds. To make sure that only qualified people sell funds to prospective investors, AMFI mandates that only people or entities with ARN Number can sell mutual funds. All third-party agents must register and pass a qualification test to become AMFI-registered advisers.

These people will be well-versed about the mutual fund types, market trends and the reasoning behind. Do not entertain any entity without ARN when it comes to mutual fund investing. So, always double check the registration number before investing. However, if you wish to invest directly, always specify ARN code of AMC, and not that of the distributor in the ‘direct’ box. You can also drop applications at Registrar & Transfer Agency like CAMS and Karvy with ARN of the fund house.

Mutual Funds in India & AMFI

While Mutual Funds in India started in 1963 by an Act of Parliament, it was only 30 years later (in 1993) that private sector Mutual Funds came into India and the industry opened up. As the Mutual Fund industry was expanding, there was a need to develop the market on professional and ethical lines, additionally, there was also a need to maintain standards to protect the interests of investors and Mutual Funds. On August 22, 1995, the Association of Mutual Funds in India came into existence.

AMFI India & Mutual Funds Sahi Hai

In 2017, as an initiative towards creating customer awareness about Mutual Funds, AMFI started the campaign called "mutual fund sahi hai". This campaign used various media such as print, radio, television and other digital media to create awareness.

AMFI India Members

As of now, all 42 Mutual Funds are members. We can classify them broadly as follows:

Types-of-AMCs Types-of-AMC

The individual members are:

Recently, JPMorgan Asset Management (India) Pvt. Ltd was taken over by Edelweiss AMC and also Goldman Sachs Asset Management (India) Private Limited was taken over by Reliance AMC.

AMFI Website & Contact Information

ASSOCIATION OF MUTUAL FUNDS IN INDIA One Indiabulls Centre, 701, Tower 2, B Wing, (7th Floor) 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013

Working Hours- 10 a.m. to 6 p.m. Monday to Friday (Except on Public Holidays)

Telephone : +91 22 43346700

Fax : + 91 22 43346722

E-mail address: contact[AT]

All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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Ashish, posted on 26 Oct 20 12:41 PM

Very Nice n useful information about AMFII

Kedia, posted on 2 Dec 18 9:21 AM

Great Read on Everything Related to AMFI.

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