News From Press Mutual Funds to pay 0.01% of AUM to Amfi for investor awareness drive

Mutual Funds to pay 0.01% of AUM to Amfi for investor awareness drive

Source: Livemint May 9, 2016

Heeding to the regulator Securities and Exchange Board of India’s (Sebi) direction, the mutual fund houses have agreed to contribute 0.01% of their total asset under management (AUM) to the industry body Association of Mutual Funds in India (Amfi) for investors awareness programmes—a move that could entail contribution of overRs.140 crore.

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