AMFI (Association of Mutual Funds in India) was established in 1995 as the trade association of Indian mutual fund industry. While SEBI regulates mutual funds, AMFI serves as the industry body that promotes best practices, standardizes operations, and serves as the interface between fund houses and regulators.
Key AMFI functions
Important AMFI statistics (2024)
**AMFI data for investors**: Investors can use AMFI's official website (amfiindia.com) to look up fund NAVs, check ARN status of distributors, and access historical fund data.
**AMFI and SIP standardization**: AMFI has standardized SIP processes including auto-debit mandates (NACH), SIP modification procedures, and grievance redressal mechanisms across all fund houses.