Former SBI Chairman Arundhati Bhattacharya is the new Chairperson of SEBI MF advisory committee

SEBI has reconstituted its 18-member mutual fund advisory committee (MFAC).

The market regulator has appointed former SEBI Chairman Arundhati Bhattacharya as the new Chairperson of MFAC. She has replaced Janki Ballabh.

In addition, four new faces from AMCs - Kailash Kularni, CEO, L&T MF, Nilesh Shah, MD Kotak Mahindra MF, Rajnish Narula, CEO, Canara Robeco AMC and Sanjay Sapre, President Franklin Templeton India join the board. They have jointly replaced A. Balasubramanium, CEO Birla Sunlife MF, S Naganath, CIO – Alternative Business, Franklin Templeton India and Vikaas M. Sachdeva, CEO, Enam AMC.

From financial distribution industry, Nitin Vyakaranam, CEO, ArthaYantra has joined the board. Neeraj Choksi, Joint MD, N J Indiainvest is no longer a member of the committee. Since ArthaYantra is an online MF distribution portal, there is no representation from brick and mortar distribution community in the MFAC.

SEBI’s Mutual Fund Advisory Committee was constituted in 2008 under the chairmanship of C B Bhave. The committee was reconstituted in 2011 and 2013. The committee advises SEBI on the development, disclosures and regulatory aspects of the mutual fund industry. The committee has been instrumental in taking up many initiatives that have left a lasting impact on the industry.

Also, the market regulator has increased the number of members from 14 to 18.

Here is the new list of MFAC members