AMCs should have a net worth of at least Rs. 50 crore at all times. However, AMC of a mutual fund, eligible to launch only infrastructure debt fund schemes, shall have a networth of at least Rs. 10 crore.
At the time of making application, if the sponsor neither have 5 preceding profitable years (including the fifth year) nor has the required networth, then the AMC needs to have a networth of atleast Rs. 100 crore and shall maintain the same till it has profits for 5 consecutive years.
At least 50 percent of members of the board of an AMC have to be independent.
The AMC of one mutual fund cannot be a trustee of another mutual fund or undertake any activity that is in conflict with the activities of the mutual fund.
AMCs cannot engage in any business other than that of financial advisory and investment management.
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