Karnataka Association of Mutual Fund Advisors (KAMFA) was formed in the year 2009, with the objective of all Karnataka State Mutual Fund Distributing IFAs uniting under one umbrella and work towards the common goals of betterment of the industry as a whole. KAMFA started with and by 14 senior IFAs in the Mutual Fund Industry in Karnataka, based out of Bangalore, is today 700+ members strong. KAMFA currently has 7 chapters located strategically at Mysuru, Mangaluru, Hubballi- Dharwad, Belagavi, Bellari and Davangere.
KAMFA, Bengaluru is 275+ members strong. KAMFA is THE largest State Wide Association across India with such a large number of fee paying members. All industry participants have time and again recognized and appreciated the work the KAMFA has been successfully doing, over the last 7 years. KAMFA is the founder member, with two seats on the board of Voice of Mutual Fund Distributors, a national body of Distributor Associations. KAMFA interacts with industry bodies, on a regular basis, to help ease the lives of all the IFAs across the State of Karnataka and India.
Working with other IFA Associations across India, is also a regular feature. KAMFA, in close co-ordination with Industry Partners, organizes learning and training events which help the IFA fraternity to better themselves with each passing day. KAMFA strongly believes that, “it is better to teach a man to fish and become happy and prosperous for a lifetime rather than feed him a fish for a day”. Subjects like Importance of Will in a person’s Life, Reading Company Balance Sheets, Web and E-Learning, Ever Changing Tax Compliance Laws, coordinating and working with Registrars and Transfer Agents, are some of the Key Events organized by KAMFA for the benefit of its members.
Every KAMFA member is covered by an Accident Insurance Policy for Rs.1.00 Lac. Recently one of our members in Mysuru passed away in an unfortunate accident. The claim was paid in full, to his family, with the active follow up of KAMFA. KAMFA conducts a MEGA EVENT, the ANNUAL CONVENTION, normally in September every year. This has been successfully conducted for the last 7 years and is a Most Awaited and Must Attend event for every industry participant, be it and IFA or an employee of any Asset Management Company. Key Speakers share their perspectives on various subjects of common interest. The September 2014 event was attended by over 550+ delegates from over 50 locations. KAMFA also conducts annual Corporate Social Responsibilities Activities like Blood Donation, Sapling Plantations, Swachh Bharat Campaigns, Dental and Health Check-ups across Karnataka State.
KAMFA intends to expand its membership base to over 1000, in the times to come, covering every district in Karnataka State. Ensuring that members located across the state have inputs, information and access to business intelligence and best practices, to help serve and increase the investor base across the state. Interact regularly with Industry bodies, regulators and all the top industry professionals to provide the best of the inputs and help to ease out any challenges and pave the path for a continued growth and fruitful association for all the participants thereon.