Annual Management Charge. A yearly fee paid to a company for the management and administration of a fund.
Annual management charge. A fee paid to the fund manager* once a year which covers the cost of investment management and administration. It is normally 0.75% - 1.5% p.a. and is charged to the fund.
Asset Management Company. A Company registered with SEBI, which takes investment/ divestment decisions for the mutual fund, and manages the assets of the mutual fund. e.g. for Sun F&C mutual fund , the AMC is Sun F&C Asset Management (India) Pvt. Ltd.
Area Management Committee
Asset Management Company. The company vested with the responsibility of managing investments of the schemes of a fund in line with the stated investment objective of each scheme.
Asset Management Company. It is the investment manager for the mutual fund. It is a company set up primarily for managing the investment of mutual funds and makes investment decisions in accordance with the scheme objectives, deed of Trust and other provisions of the Investment Management Agreement.
See Annual Management Charge.
Annual Management Charge. A charge made over the year by managers of Unit Trusts or Investment Trusts to cover the expenses associated with running the fund. Although it is expressed in annual percentage figures it is usually split into 12 monthly amounts and taken from the fund daily.
Annual Management Charge. Fund management companies levy an annual charge to cover the costs of administering the fund. This generally ranges between 0.5% and 2% of the total value of the fund and varies according to the size of the fund, the amount of money the Fund management company spends on research, administration and marketing. FT Fund Ratings' Charge Rating is based on a Total Expense Ratio (provided by Fitzrovia) which incorporates the AMC as well as other 'hidden' costs of owning the fund.
Same as Asset Management Company. Annual fund operating expenses The expenses incurred, during a particular year, by Asset Management Company for managing the funds.
Annual Management Charge. A charge imposed by the management firm on the portfolio. For unit trusts and OEICs this is usually 1-2% of the NAV of the fund. Other clients negotiate the fee with the fund manager.