Investor Presentaiton

What is an Asset Management Company (AMC)? B • Investment manager of the mutual fund. Appointed by the trustees, with SEBI approval. • Trustees and AMC enter into an investment management agreement. Required to invest seed capital of 1% of amount raised subject to a maximum of Rs.50 lakh in all open-ended schemes. Should have a net worth of at least Rs.50 crore at all times. • At least 50% of members of the board of an AMC have to be independent. . AMC of one mutual fund cannot be an AMC or trustee of another fund. AMCs cannot engage in any business other than that of financial advisory and investment management 16

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