A Balasubramanian Re-Elected Chairman Of Association Of Mutual Funds In India
Radhika Gupta is AMFI vice-chairman. Association reconstituted at recent board meeting after 27th AGM.
A Balasubramanian, the managing director and chief executive officer of Aditya Birla Sun Life Mutual Fund, has been re-elected as the chairman of Association of Mutual Funds in India (AMFI). The decision was taken at the industry body of SEBI-registered mutual funds at its recent board meeting after the 27th annual general meeting (AGM) held in September 2022.
The board unanimously re-elected Balasubramanian as the chairman and Radhika Gupta as the vice-chairperson of AMFI, who will hold office until the conclusion of the 28th AGM, a statement issued by association said.
Balasubramanian, as the chairman of AMFI, would also continue as the ex officio chairman of AMFI Financial Literacy Committee until the conclusion of the next AGM.
According to the AMFI press release, the board also re-elected Vishal Kapoor, chief executive officer of IDFC Asset Management Company Limited, as the chairman of AMFI Committee of Certified Distributors (ARN Committee). Sundeep Sikka, executive director and CEO of Nippon Life India Asset Management Limited, is the new chairman of AMFI ETF Committee, while Radhika Gupta, managing director and CEO of Edelweiss Asset Management Ltd, was elected as the chairperson of AMFI Committee on Operations, Compliance & Risk.
The AMFI statement said Nilesh Shah, MD, Kotak Mahindra Asset Management Co. Ltd, was re-elected as the chairman of AMFI Valuation Committee, while Navneet Munot, MD and CEO of HDFC Asset Management Company Limited, was re-elected AMFI Equity CIO Committee.
AMFI is the industry body of mutual funds registered with the Securities and Exchange Board of India (SEBI), and was incorporated as a non-profit organisation on August 22, 1995. All 44 asset management companies registered with SEBI are its members.
The AMFI was set up to develop the mutual fund Industry in India "on professional, healthy and ethical lines and to enhance and maintain standards in all areas with a view to protecting and promoting the interests of mutual funds and their unit holders".
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