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Ch.4 · AMFI Code of Conduct · medium

Which of the following is a function of AMFI?

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EXPLANATION

AMFI registers mutual fund distributors and assigns ARN (AMFI Registration Number). AMFI also maintains standards of practice and a code of conduct for distributors. Scheme approval and regulatory penalties are SEBI's domain.

A.Approving new mutual fund schemes

B.Setting NAV of mutual fund schemes

C.Registering and regulating mutual fund distributors [✓ Correct]

D.Penalising AMCs for regulatory violations

EXPLANATION

AMFI registers mutual fund distributors and assigns ARN (AMFI Registration Number). AMFI also maintains standards of practice and a code of conduct for distributors. Scheme approval and regulatory penalties are SEBI's domain.

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