Funds
What is amc?
The company that runs a mutual fund.
Explained in more detail
AMC stands for asset management company. It employs the fund managers, sets the strategy within the rules of the scheme, and charges the expense ratio. Your money is held separately by a trustee, not by the AMC itself.
An example
For instanceHDFC AMC, SBI Mutual Fund and Nippon India are asset management companies.
Why this matters to you
You will meet this word in broker apps, company results and market news. Knowing what it means is not the goal on its own. The goal is being able to judge whether a number is good or bad for the investment you are actually holding.
On AlphaVik, any time amc appears in a view or a lesson, you can hover or tap the word and this explanation comes with it. You never have to leave the page to look something up.