Investment
AMC
Also known as: Asset Management Company, Fund House, Mutual Fund Company
Asset Management Company that creates and manages mutual fund schemes for investors.
Detailed Explanation
Asset Management Company (AMC) is a financial institution that pools money from investors and invests it in various securities like stocks, bonds, and money market instruments. AMCs create different mutual fund schemes, hire fund managers to manage investments, and charge expense ratios for their services. Major Indian AMCs include HDFC AMC, ICICI Prudential AMC, SBI MF, and Axis AMC.