What is an Asset Management Company (AMC)?

Asset Management Companies (AMC) are firms that pool funds from individuals and institutional investors to invest in various securities such as stocks, bonds, etc. They have professional fund managers who manage the fund's portfolio.

For example, ICICI Prudential Mutual Fund is an AMC that manages several funds including the ICICI Prudential Bluechip Fund, ICICI Ultra Short Term Funds, etc.

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