An AMC is an Asset Management Company or the fund house. It floats different mutual fund schemes as per investors’ needs and objectives. AMCs also manages the portfolios of investors and offer professional management services. MF is a mutual fund company, which is a type of asset management company. It only manages mutual fund investments. It is responsible for floating a mutual fund, appointing fund managers, overseeing the activities of the entire fund house and reporting them to SEBI on a regular basis.