AMFI and Amii Sign MoU to strengthen India -Indonesia investment: What does it mean for mutual fund investors – CNBC TV18

Mutual Funds (AMFI) and Asosiasi Manajer Investasi Indonesia (Amii) in India have signed a memorandum (mOU) to promote bilateral cooperation and improve industry standards.

The MoU, signed during the Indonesian President’s visit to India in India, aims to increase mutual fund sectors in both countries, promote financial literacy and promote integrated investment ecosystem globally.

The agreement will allow both nations to exchange best practices in areas such as regulatory reforms, governance, investor protection, product innovation and risk management.

It wants to improve mutual fund industries by taking advantage of the expertise of each country.

AMFI President Navneet Munot said, “This partnership aligns with India’s Vikas India 2047 and Indonesia’s economic development target by 2045. It will contribute to the success of mutual fund sectors of both nations.”

AMFI Chief Executive Officer Venkat Chalasani highlighted cooperation as an important step in the two countries understanding of market understanding, governance standards and investors.

The MoU also underlines the creation of work groups to focus on major areas of mutual interest.

These groups will regularly assess the progress of partnership, ensuring that it remains impressive and relevant for both India and Indonesia.

What does this mean for investors?

Cooperation focuses on sharing the best practices, which can lead to more transparency and safety in mutual fund operation.

The two countries will work together to empower investors, which will help them make informed decisions.

By learning from each other’s regulatory structure, India and Indonesia aims to promote the investor trust.