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Prospectus [Line Items] rr_ProspectusLineItems  
Document Type dei_DocumentType 497
Document Period End Date dei_DocumentPeriodEndDate Oct. 31, 2015
Registrant Name dei_EntityRegistrantName ASSET MANAGEMENT FUND
Central Index Key dei_EntityCentralIndexKey 0000705318
Amendment Flag dei_AmendmentFlag false
Trading Symbol dei_TradingSymbol amf
Document Creation Date dei_DocumentCreationDate Nov. 19, 2015
Document Effective Date dei_DocumentEffectiveDate Nov. 19, 2015
Prospectus Date rr_ProspectusDate Mar. 01, 2015
Supplement [Text Block] amf_SupplementTextBlock

ASSET MANAGEMENT FUND

(The “Trust”)

 

AMF Large Cap Equity Fund

 

SUPPLEMENT DATED NOVEMBER 19, 2015

TO PROSPECTUS DATED MARCH 1, 2015
Asset Management Fund - Large Cap Equity Fund | Large Cap Equity Fund  
Prospectus [Line Items] rr_ProspectusLineItems  
Trading Symbol dei_TradingSymbol IICAX
Supplement [Text Block] amf_SupplementTextBlock

The first paragraph under “Principal Investment Strategies” on page 3 of the prospectus is deleted in its entirety and replaced with the following:

 

The Fund invests primarily in equity securities of U.S. based companies whose growth, cash flow, earnings and dividend prospects are promising and whose securities are reasonably priced and have the potential for capital appreciation in the opinion of Shay Assets Management, Inc. (the “Adviser”). The Adviser looks for companies with strong balance sheets, attractive return on capital and sustainable earnings growth. In evaluating the prospects for a company’s growth and earnings, the Adviser considers, among other things, the company’s historical performance and growth strategy, the growth rate of the industries in which it operates and the markets into which it sells, the nature of its competitive environment, technological developments and trends in market share. The Adviser uses models that quantify and rank the numeric financial variables and blend this analysis with fundamental reviews from investment analysts. This blending of quantitative and fundamental analysis allows the Adviser to efficiently evaluate a large number of potential investments in a systematic fashion while retaining the insights of investment analysts for investment variables which may not be observable from a company’s financial information.

 

The Adviser has licensed investment models, analytics and other tools from System Two Advisers (“S2”) for use in managing the Fund. The Adviser, not the Fund, is responsible for paying the licensing fees to S2.