AMFI and AMII Sign MoU to Enhance Mutual Fund Ecosystems in India and Indonesia

In a significant move to enhance bilateral financial cooperation, the Association of Mutual Funds in India (AMFI) and the Asosiasi Manajer Investasi Indonesia (AMII), the Indonesian Investment Managers Association, recently inked a Memorandum of Understanding (MoU). This collaboration aims to strengthen mutual fund sectors in both nations by sharing expertise, advancing industry standards, and fostering investor education and financial literacy.

A Platform for Knowledge Sharing and Growth

This partnership establishes a structured platform for India and Indonesia to exchange best practices, regulatory insights, and strategies. It will focus on strengthening their respective mutual fund industries while fostering a globally integrated and transparent ecosystem.

The key areas covered under this MoU include:

• Regulatory Reforms: Enhancing frameworks to ensure compliance and stability.
• Governance Standards: Promoting ethical practices and accountability.
• Investor Protection: Developing robust mechanisms to safeguard investor interests.
• Data Analytics and Research: Leveraging data to drive informed decisions.
• Product Innovation: Encouraging the creation of diverse investment solutions.
• Risk Management: Implementing strategies to mitigate financial risks effectively.

Promoting the Global South’s Economic Leadership

The collaboration aligns with India’s vision of leading the Global South by fostering economic partnerships among emerging markets. Navneet Munot, Chairman of AMFI, remarked that this partnership underscores the importance of strong capital markets and a thriving asset management industry.

The delegation, comprising 12 CEOs from Indonesia’s mutual fund sector, joined the Indonesian President on his state visit to India. The discussions during the visit revolved around opportunities in the mutual fund industry and strategies for creating sustainable, globally competitive markets.

Learning from Each Other

Hanif Mantiq, Chairman of AMII, highlighted the value of this collaboration in learning from each other’s regulatory frameworks and governance structures. This exchange aims to ensure greater security and innovation for investors in both countries.

The MoU is expected to serve as a model for enhancing financial ties between other emerging markets, showcasing the potential of shared expertise and mutual growth.

Key Highlights from the Round Table

As part of the event, AMFI hosted a Round Table for the visiting Indonesian delegation. Key discussions included:

• India’s Economic Growth Story: Insights into the drivers of India’s robust economic performance.
• Opportunities in the Mutual Fund Sector: Highlighting the potential for growth and innovation.
• Technology’s Role in Capital Markets: Emphasising the transformative impact of digital tools.
• Opportunities at GIFT City: Exploring India’s leadership in global financial innovation and governance.

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