ASSET MANAGEMENT COMPANY (AMC) :

Under SEBI Regulations, every mutual fund is required to have an Asset Management Company (AMC)  incorporated in accordance with the Companies Act, 2013 to manage the funds of the mutual fund. The AMC  should be approved by SEBI and should enter into an agreement with the trustees of the mutual fund to formulate schemes, raise money against units, invest the funds in accrued securities and after meeting the permissible costs as per norms, distribute income to the share holders of the funds.