AMFI
The Association of Mutual Funds in India (AMFI) is the industry body for SEBI-registered mutual fund Asset Management Companies (AMCs) in India, incorporated as a non-profit in 1995.
Understanding AMFI
AMFI's membership covers every SEBI-registered AMC — currently around 45 fund houses managing over ₹50 lakh crore in assets. The body operates the AMFI Registration Number (ARN) system: every Mutual Fund Distributor (MFD) must clear the NISM-V-A exam and obtain an ARN before earning commission on mutual fund sales.
AMFI's website (amfiindia.com) is the most authoritative source for daily NAV data, scheme-wise AUM, and the standardised "Mutual fund investments are subject to market risks…" disclaimer.
Why it matters
AMFI's data is what every credible mutual fund comparison and review platform — including SEBI's own website — relies on. Use AMFI for cross-checking NAV, AUM, and historical returns rather than third-party aggregators that may have stale data.
Example
Before investing through a mutual fund advisor, ask for their ARN. The number is verifiable on the AMFI website with the advisor's name, registration date, and validity. An ARN-less distributor is operating illegally and will not have access to commission tracks or grievance redressal.
Before investing through a mutual fund advisor, ask for their ARN. The number is verifiable on the AMFI website with the advisor's name, registration date, and validity. An ARN-less distributor is operating illegally and will not have access to commission tracks or grievance redressal.