News From Press Amfi slow in using entrusted money

Amfi slow in using entrusted money

Source: Business Standard Aug 2, 2016

The Association of Mutual Funds in India (Amfi) is yet to begin spending the corpus it has received from fund houses for the purpose of investor education and awareness. Beginning this financial year, fund houses have been asked to allocate half their investor education corpus to Amfi. Sources said Amfi is getting Rs 10-13 crore every month this way, having collected Rs 40-odd crore in the first four months.

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