Money word, in plain English ← Back to all terms
AMC
Asset Management Company, the company that runs a mutual fund's schemes day to day.
Example. When you invest in a fund, the AMC is the team that actually manages the money.
An AMC (Asset Management Company) is the company that manages a mutual fund’s schemes. It makes the investment decisions and runs the schemes day to day, but it works under the trustees and is approved by SEBI. It does not own your money, it only manages it.