4. We avail of the services of experienced and skilled professionals who are backed by a dedicated investment research team which analyses the performance and prospects of companies and selects suitable investments to achieve the objectives of the scheme.
6. Mutual Funds invest in a number of companies across a broad cross-section of industries and sectors. This diversification reduces the risk because seldom do all stocks decline at the same time and in the same proportion.
7.
8. Investor has to pay investment management fees and fund distribution costs as a percentage of the value of his investments (as long as he holds the units), irrespective of the performance of the fund.
10. The portfolio of securities in which a fund invests is a decision taken by the fund manager. Investors have no right to interfere in the decision making process of a fund manager, which some investors find as a constraint in achieving their financial objectives.
13. It also recommends and promotes the top class business practices and code of conduct which is followed by members and related people engaged in the activities of mutual fund and asset management. The agencies who are by any means connected or involved in the field of capital markets and financial services also involved in this code of conduct of the association.
14. AMFI interacts with SEBI and works according to SEBIs guidelines in the mutual fund industry.
15. Association of Mutual Fund of India do represent the Government of India, the Reserve Bank of India and other related bodies on matters relating to the Mutual Fund Industry.
16. It develops a team of well qualified and trained Agent distributors. It implements a programme of training and certification for all intermediaries and other engaged in the mutual fund industry.
49. Infrastructure Development Finance Co. Ltd. (IDFC) plans to rope in a global fund manager as a strategic partner in IDFC Asset Management Company Private Limited. IDFC's Executive Director, Vikram Limaye told Economic Times (ET) that the firm is looking at a strategic partnership “to either manage the fund or advise foreign flow of funds into the Indian equity market.” He declined to give details. But one investment banker, requesting anonymity, said IDFC could divest a 26% stake to an overseas fund manager as part of this exercise. IDFC acquired IDFC Asset Management in March 2008 from Standard Chartered Bank for $205 million. IDFC has already started discussions with a leading global investment bank to run the process of roping in the strategic partner, said another investment banker.
51. IDFC Asset Management Company Private Limited a unit of Infrastructure Development Finance Co. Ltd. (IDFC) is seeking an overseas partner that will give it access to an overseas distribution network, the Mint newspaper reported on May 21, 2010. Discussions are underway with several potential overseas partners for IDFC Asset Management, Vikram Limaye, Executive Director told the paper in a telephonic interview. “I don't know in what shape and form the partnership will evolve, and there could be an arrangement of the partner taking a minority stake in the company,” he said. IDFC wants a foreign partner that will help it tap a share of the capital that flows into the Indian market, boosting its fee income and improving margins