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AMFI has signed a Memorandum of Understanding (MoU) with the Asosiasi Manajer Investasi Indonesia (AMII) to exchange best practices, insights and strategies to boost the mutual fund industries.
The partnership will cover exchange of ideas on broader areas like governance standards, essential investor protection steps, data analytics, research, product innovation and risk management.
The MoU was signed on January 25, 2025, in New Delhi, where a delegation of 12 top CEOs from Indonesia’s mutual fund industry accompanied the Indonesian President on his state visit to India.
AMFI said that this partnership is set to strengthen the mutual fund sectors in both countries, enrich industry standards and promote investor education and financial literacy, paving the way for a more dynamic, transparent, and globally integrated mutual fund ecosystem.
In a press release, Navneet Munot, Chairman, AMFI said, “India’s collaboration with Indonesia aligns with the vision of Viksit Bharat 2047, set forth by Hon’ble Prime Minister Shri Narendra Modi, and Indonesia’s goal of achieving a developed economy status by 2045, marking 100 years of their independence. This partnership resonates with India’s commitment to the leadership of the global south, fostering economic collaboration and mutual growth. A strong capital market and a thriving asset management industry, as exemplified by the success of India’s mutual fund sector, will play a crucial role in achieving these milestones. This collaboration will lay the foundation for a sustainable and globally competitive mutual fund industry in both countries.”
Venkat Chalasani, Chief Executive, AMFI added, "This collaboration signifies a crucial milestone in the growth of the mutual fund industry in both India and Indonesia. By working together, we are creating a unique opportunity to enhance understanding of market led financial industry, standards of governance, boost investor confidence, and drive innovation. This MoU will facilitate knowledge exchange between the two countries through the industry bodies"
Prominent speakers like Amitabh Kant, Sherpa, G20 and former CEO of Niti Ayog, Anuj Kumar, Managing Director, CAMS, Hanif Mantiq, Chairman of AMII and CEO of Star AM, Indonesia, Mohamad Oki Ramadhana, Commissioner of Indonesian Stock Exchange (IDX) and Marsangap P Tamba, Chairman of APRDI and PWMII and Commissioner of PT Principal AM, Indonesia were present on this occasion.
