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Ch.4 · AMFI Code of Conduct · medium

What is the purpose of the 'Common Application Form' standardised by AMFI?

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EXPLANATION

The Common Application Form, standardised by AMFI, allows investors to invest in schemes of multiple AMCs using a single form. This simplifies the investment process and reduces paperwork for investors dealing with multiple fund houses.

A.To allow investors to invest in multiple AMCs using a single form [✓ Correct]

B.To standardise KYC documentation across all AMCs

C.To allow distributors to register with multiple AMCs simultaneously

D.To file complaints against AMCs on behalf of investors

EXPLANATION

The Common Application Form, standardised by AMFI, allows investors to invest in schemes of multiple AMCs using a single form. This simplifies the investment process and reduces paperwork for investors dealing with multiple fund houses.

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