Ch.3 · Sponsor, Trustee and AMC Roles · medium
What is the relationship between SEBI and AMFI in mutual fund regulation?
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EXPLANATION
SEBI is the statutory regulator with full legal powers. AMFI is a non-statutory industry association (similar to a trade body) that operates under SEBI's guidance. AMFI's key functions include ARN registration, AMFI Code of Conduct enforcement, investor education (Mutual Fund Sahi Hai), and industry data publication — all complementing SEBI's regulatory role.
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