Association of Investment Management Companies

Get to know Mutual Fund

The first asset management company was established in 1975 by the Thai government in cooperation with the International Finance Corporation (IFC), a financial arm of the World Bank. The first mutual fund, Sinpinyo Fund, was launched in 1977 with an initial size of Bt. 100 million and a 10-year maturity.

In 1992, the Securities and Exchange Act, B.E. 2535 came into force. The Office of the SEC was accordingly established to monitor, supervise and promote the development of the country’s securities and fund management business and the capital market. On March 19, 1992, the Ministry of Finance (MoF) granted new mutual fund licenses to another seven asset management companies, making up altogether eight asset management companies. This accordingly stimulated a rapid growth of the asset management business until that it has played a vital role in the country’s capital market development.

At the end of 1995, the SEC opened for additional applications for license to operate mutual fund business. Seven groups (excluding the founder of Thai Trust Fund Management Co., Ltd.) were then endorsed by the SEC. During 1996-1997, such groups gradually formed companies to accommodate the mutual fund licenses granted by the MoF. However, only six companies were established, hence a total of 14 asset management companies after combining with the existing ones.


As of June 2, 2008, AIMC has a total of 21 member companies in the mutual fund business group.