AMFI Chairman recommends MoU with Indonesian investment management association
Chairman of the Association of Mutual Funds in India (AMFI) Navneet Munot praised the memorandum of understanding (MoU) signed between India and Indonesia on Saturday, saying that both countries should continue to work together going forward. Mutual fund industry association AMFI and Asosiasi Manajer Investasi Indonesia (AMII), Indonesia’s investment management association, signed an MoU on January 25 to strengthen financial and economic best practices.
In line with Prime Minister Modi’s aim to make India a developed country, Indonesia has also set a goal to be developed by 2045, said Mnot. “Therefore, in accordance with the aspirations set by our Prime Minister (Modi), India should become Viksit Bharat (Developed India) by 2047, and Indonesia has also set itself a goal to be developed by 2045. Both countries need to cooperate and work. together,” Mnot told news agency ANI.
“The mutual fund industry in India has done very well in the last few years under the active guidance of our market regulator and with everyone’s support, we have grown tremendously,” he added.
The partnership is designed to strengthen the mutual fund sectors in both countries, with the agreement set to create a platform for India and Indonesia to exchange best practices, information and strategies aimed at growing their mutual fund industries. It will combine the understanding and the requirement of a wide range of areas, including the requirement of regulatory changes, management standards, key measures to protect investors, data analysis, research, innovation, and risk management, where both countries will benefit from each other’s expertise. and experience.
The MoU was signed during the Indonesian President’s visit to India, where he was accompanied by a delegation of 12 top CEOs from the Indonesian mutual fund industry.
As part of this event, AMFI hosted a Round Table for visiting delegates from AMII, Indonesia, highlighting key aspects of India’s economic growth story, opportunities in the mutual fund sector, and the important role of technology in advancing financial markets.
The round table also explored the emerging opportunities of GIFT City and highlighted India’s leadership in financial innovation and governance.
