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AMFI Code of Conduct
AMFI Code of Conduct
Our Commitment to Ethical Mutual Fund Distribution | AMFI Code of Conduct for
Intermediaries
Aangi Investments | ARN-85723 | Initial Reg: 18-May-2024 | Valid Until:
19-May-2028
Aangi Investments (ARN-85723) is a SEBI-regulated, AMFI-registered Mutual Fund Distributor. We
are committed to conducting our business in accordance with the AMFI Code of Conduct for Mutual
Fund Intermediaries at all times. The following 10 principles form the foundation of our
professional practice and our commitment to every investor we serve.
Regulatory Basis: This Code of Conduct is prepared in accordance with the AMFI
Master Circular (January 2026), SEBI Master Circular for Mutual Funds, and the AMFI Code of
Ethics and Conduct for Intermediaries. Verify our ARN registration at
amfiindia.com.
Our 10 Commitments — AMFI Code of Conduct
| Principle | Our Commitment at Aangi Investments |
|---|---|
| 1. Integrity & Ethical Conduct | We maintain the highest standards of personal and professional ethics in all dealings
with investors, Asset Management Companies, Registrar & Transfer Agents, and
regulatory authorities at all times. We will never engage in fraudulent, deceptive, or manipulative practices of any nature. All investor communications are honest, accurate, and complete. |
| 2. No Splitting of Investor Applications | We never split investor applications to earn higher transaction charges or commissions.
Each investor transaction is processed accurately and as a single transaction reflecting
the investor's actual intention. Splitting of applications is a regulatory violation under AMFI guidelines and SEBI regulations. We strictly prohibit this practice. |
| 3. Accurate KYC & Application Processing | All investor personal details, KYC information, and application forms are filled
accurately and completely. We never tamper with, alter, or submit false documentation of
any kind. We ensure that all application forms are filled by investors themselves or under their direct supervision. No pre-signed or blank forms are accepted. |
| 4. Valid NISM Certification & EUIN | All personnel conducting Mutual Fund transactions hold valid NISM Series V-A Mutual Fund
Distributor certifications and Employee Unique Identification Numbers (EUINs) as
required by AMFI regulations. EUIN is recorded on every transaction. Certifications are renewed before expiry. No transactions are processed by uncertified staff. |
| 5. KYD (Know Your Distributor) Compliance | We maintain full compliance with AMFI's KYD (Know Your Distributor) norms at all times.
ARN registration details, contact information, and business details are updated promptly
at every renewal and whenever changes occur. ARN is renewed before expiry. All changes in firm details are communicated to AMFI within the prescribed timelines. |
| 6. No Mis-Selling or Misrepresentation | We never mis-sell, conceal material risks, or misrepresent any Mutual Fund scheme or
financial product to investors. Investor interest is always placed above our commercial
considerations and commission income. Every recommendation is based on the investor's documented risk profile, financial goals, and investment horizon — never on commission rates received from AMCs. |
| 7. Anti-Money Laundering (AML) Compliance | We collect all required KYC documents and conduct AML checks as mandated under the
Prevention of Money Laundering Act 2002 (PMLA) and SEBI / AMFI AML guidelines before
processing any investor transaction. Suspicious transactions are reported as required. We maintain all KYC records for the minimum prescribed period of 8 years. |
| 8. Full Regulatory Cooperation | We cooperate fully and promptly with AMCs, AMFI, SEBI, IRDAI, and all other regulatory
and statutory authorities at all times. All regulatory requests, queries, and
inspections are responded to within prescribed timelines. We maintain all records as required by regulatory authorities and make them available on request without delay. |
| 9. Commission Clawback Compliance | We promptly refund commissions to Asset Management Companies in all clawback situations
as prescribed by SEBI and AMFI regulations. Commission clawbacks are processed without
delay or dispute. We maintain records of all transactions to facilitate accurate clawback calculations and do not attempt to avoid legitimate clawback obligations. |
| 10. Investor Education & Awareness | We actively promote investor awareness and financial literacy. We encourage all
investors to read scheme-related documents carefully before investing, understand the
risks associated with their investments, and make informed investment
decisions. We conduct Investor Awareness Programmes (IAPs) as part of our commitment to AMFI's investor education mandate. We share educational content regularly with our investor community. |
❌ Practices We Strictly Prohibit
- Splitting of investor applications to earn higher transaction charges
- Recommending schemes based on commission rates instead of investor suitability
- Mis-selling, misrepresentation, or concealment of material risks
- Accepting or soliciting non-cash benefits, gifts, or incentives from AMCs
- Processing transactions through uncertified staff without valid NISM / EUIN
- Sharing investor data with third parties without explicit consent
- Submitting false, incomplete, or tampered KYC / application documents
- Accepting signed blank forms or authorisation letters from investors
AMFI's Expectations from Distributors
| What AMFI Expects from Every Registered MFD | |
|---|---|
| Act in Best Interest | Always act in the best interest of investors — never prioritise your own commercial interest over investor welfare |
| Full Disclosure | Disclose all material information including commission, conflicts of interest, and scheme risks to investors |
| Suitability Assessment | Assess investor risk profile, financial goals, and investment horizon before making any recommendation |
| Regular Review | Conduct periodic portfolio reviews with investors and recommend rebalancing when required |
| Complaint Handling | Handle all investor complaints promptly, fairly, and within the prescribed timelines |
| Records Maintenance | Maintain all investor records, KYC documents, and transaction records for minimum 8 years |
| Regulatory Updates | Stay updated with all SEBI and AMFI regulations and implement changes within prescribed timelines |
| Professional Development | Maintain valid NISM certifications and continuously upgrade professional knowledge and skills |
Formal Pledge — AMFI Code of Conduct
ARN-85723
I, Maitrik Sanghavi (Proprietor, EUIN: E456948), on behalf of Aangi
Investments (ARN-85723), hereby formally pledge to:
✓ Uphold all 10 principles of the AMFI Code of Conduct at all times
✓ Place investor interest above all commercial considerations
✓ Maintain the highest standards of professional ethics and integrity
✓ Comply with all SEBI and AMFI regulations promptly and completely
✓ Never engage in mis-selling, misrepresentation, or market manipulation
✓ Treat every investor with fairness, transparency, and respect
This pledge is made voluntarily and unconditionally. Any violation of this Code of Conduct may be reported to AMFI at igrc@amfiindia.com or to SEBI at scores.sebi.gov.in.
Maitrik Sanghavi
Proprietor
EUIN: E456948
Aangi Investments
ARN-85723
EUIN: E456948
Aangi Investments
ARN-85723
Registered Address
F-208, Titanium City Center, Opp. Seema Hall, Nr. IOC Petrol Pump, Anandnagar Road,
Satellite, Ahmedabad – 380015
Phone: +91 99246 55449
Email: aangiinvestments@gmail.com
Website: www.aangiinvestments.com
Phone: +91 99246 55449
Email: aangiinvestments@gmail.com
Website: www.aangiinvestments.com
Verify this registration: You can verify Aangi Investments's ARN registration,
validity, and details at amfiindia.com → Find a Mutual Fund Distributor → Enter
ARN-85723. Report any violation of this Code of Conduct to AMFI at
igrc@amfiindia.com or 1800-270-7000.
Official AMFI Documents & References
| Document / Resource | Official Link |
|---|---|
| AMFI Code of Conduct for MFDs (Revised 2022) Primary reference document — ARN Circular 22a |
amfiindia.com → ARN Circular 22a → CoC PDF ↗ |
| AMFI Master Circular for Mutual Fund Distributors (January 2026) Comprehensive compliance guidelines for all MFDs |
amfiindia.com → AMFI Master Circular MFDs 2026 PDF ↗ |
| AMFI Distributor Corner Circulars, guidelines, ARN renewal, EUIN portal |
amfiindia.com/distributor ↗ |
| Verify MFD / ARN Registration Any investor can verify Aangi Investments's ARN registration status |
amfiindia.com/find-mf-distributor ↗ |
| SEBI Master Circular for Mutual Funds SEBI regulations applicable to all MFDs |
sebi.gov.in → Master Circular for Mutual Funds ↗ |
| AMFI Website — Home NAV, investor education, MFD resources |
amfiindia.com ↗ |
Last Updated: July 2026 | AMFI Code of Conduct for Intermediaries |
Subject to revision as per AMFI/SEBI regulatory updates.
AMFI Registered Mutual Fund Distributor ARN-85723
AMFI
AMFI Registered Mutual Fund Distributor
We earn trail commission from AMCs on client investments in Regular Plans. No additional distribution fee is charged separately to investors. Aangi Investments is a brand associated with Maitrik Sanghavi, a Proprietorship firm (PAN: BFHPS6083Q | GSTIN: 24BFHPS6083Q1ZL), at the above office address.
Aangi Investments is a Mutual Fund Distributor (ARN-85723) — NOT a SEBI-registered Investment Adviser. We provide incidental distribution services only and do not offer investment, tax, or legal advice. For investment advice, please consult a SEBI-registered Investment Adviser.
Risk Factors — Investments in Mutual Funds are subject to market risks. Please read all scheme related documents carefully before investing. Mutual Fund schemes do not assure or guarantee any returns. Past performance of any scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. Investors are advised to evaluate the exit loads and other cost structure (TER) applicable at the time of making the investment. Aangi Investments deals in Regular Plans only for Mutual Fund Schemes and earns a trailing commission on client investments; commission earnings are disclosed to clients at the time of investment. The option of a Direct Plan, offering a lower expense ratio, is available to investors. We are not entitled to earn any commission on Direct Plans, and hence we do not deal in Direct Plans.
Disclaimer — Aangi Investments is an AMFI Registered Mutual Fund Distributor (ARN-85723). Mutual Fund investments are subject to market risks. Please read all scheme related documents carefully before investing. Past performance is not indicative of future returns. We do not provide investment or tax advisory services; the information on this website is for general information only and should not be treated as advice.
Regulatory: SEBI SCORES | SMART ODR | AMFI | SEBI