AMFI Code of Conduct

Read the official code

The AMFI Master Circular for Mutual Fund Distributors dated 14 January 2026 consolidates the applicable AMFI framework. Chapter 7 contains the Code of Conduct. The official document is the authoritative text; the overview below is provided for convenience.

Open AMFI Master Circular (PDF)

Core investor protections

• Act with integrity, fairness, competence and due care; prioritise investor interests.
• Explain material product information, risks, costs, commissions and relevant conflicts before a decision.
• Provide information about AMC affiliations and do not misrepresent registration or product benefits.
• Use accurate investor information and obtain the necessary authority for transactions.
• Protect confidential investor information and maintain appropriate records.
• Assist investors and AMCs in resolving distribution-related grievances.

For the current official code and subsequent updates, visit AMFI’s distributor resources. Our disclosure page is not a substitute for the full code or for meeting its operational requirements.