| Karnataka Association of Mutual Fund Advisors, called "KAMFA” for sake of brevity, was incorporated not for profit under the Societies Registration Act of Karnataka on 04.08.2009. It is in fact, India’s first registered legal entity representing IFA community. |
| |
| We are presently operating from the city of Bengaluru. Our affairs are guided and managed by an eminent team of senior IFA’s of standing. We have plans to expand and enlarge our coverage to other leading Tier I and Tier II cities of Karnataka by incorporating local chapters all operating under the umbrella and bye-laws of KAMFA and affiliated to it. Our efforts to start the first chapter under our auspices at Mysore has borne fruit and it has started functioning. The principal objective is to unite all IFA’s conducting mutual fund investment advisory services in the State of Karnataka into one unified body with a view to effectively represent IFA community in one voice. |
| |
| We strongly feel that as important stakeholders in the healthy all round growth and development of the Indian mutual fund industry, we must organize our selves vigourously so that we can contribute to spreading the message of mutual fund as an important investment vehicle for channelising the savings of the community into mutual funds enabling national capital formation and its positive attendant consequences so that every citizen of Karnataka is afforded the opportunity of participating in and sharing the prosperity of a growing India. |
| |
| During the short period since inception, we have made significant strides in increasing our membership base which continues to grow steadily. We have with a view to enhance the knowledge and skill base of IFA’s have launched a "KAMFA learning Academy” to run periodic learning programmes. We are immensely grateful to the fund houses for supporting us consistently and continuously in this initiative. |
| |
| We have also launched a quarterly magazine called "KAMFA QUEST” to connect with our members better and to inform them of the important happenings in the mutual fund field and also to publish articles of professional interest from the point of view of knowledge enrichment. The overall objective is to enhance the IFA value proposition to the end investor as a reliable, well informed and competent investment professional with a strong commitment to serve the investors with their best interests always in mind. |
| |
| The larger goal of setting up KAMFA as a State level entity is to prepare the ground to move forward towards setting up (in collaboration with similarly constituted State level bodies) a national federation of similar State level entities. We are engaged in the process of advising fellow IFA’s in neighboring states of South India in setting up legal entities similar to ours, so that we can strengthen the movement in the Southern Region of India and extend the same efforts to the rest of the country so that an all India Federation of Regional Associations becomes a reality. When that happens through our unified efforts, it will enable us to represent our views effectively before the powers that be. We, as important channels providing last mile connectivity to the end investor, can have an opportunity of being heard in the formulation of polices affecting the industry and enabling the growth of industry on healthy lines. |