Multiple choice

The role of AMFI in the mutual funds industry is not to

  1. promote the interests of the unit holders

  2. set a code of ethics

  3. regulate mutual funds

  4. increase public awareness of mutual funds in the country
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

AMFI (Association of Mutual Funds in India) promotes unit holder interests, establishes ethical codes, and increases public awareness of mutual funds. However, AMFI does NOT regulate mutual funds - that is SEBI's statutory role. AMFI is a self-regulatory organization, not a regulator.

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