Question
AMFI is the regulator of mutual funds in India. It was
established in the year –Solution
Mutual Funds are investment companies that pool money from various sources and invest in various securities on behalf of such investors. It charges commission for that and the returns adjusted will be provided to the investors. Association of Mutual Funds in India (AMFI) is the regulating body of mutual funds in the country. It was founded in 1995 and is based in Mumbai.
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