AMFI has inducted three new faces on its board. In its annual general meeting (AGM) held today in Mumbai, AMFI has appointed Kalpen Parekh, Radhika Gupta and Ashutosh Bishnoi as directors on its board.
In the AGM, members have elected new board of directors since 1/3rd of AMFI board were due to retire by rotation. While two members – S Naganath and Vikas Sachdeva have stepped down from the post of directors, G Pradeep Kumar retired from the board. This had created three posts – one in category A and two in category C.
While Kalpen Parekh, President, DSP BlackRock MF joins the board in category A, Radhika Gupta, CEO, Edelweiss MF and Ashutosh Bishnoi, CEO, Mahindra MF join the board in category C.
Also, Kailash Kulkarni, CEO, L&T MF and Aashish Somaiyaa, MD and CEO, Motilal Oswal MF have been upgraded to category A and category B respectively following the growth in their AUM.
Currently, there are 15 members in AMFI board of which seven are from top ten fund houses and four each from mid and small sized AMCs. The AMFI board has representation across three broad categories – category A represents directors from large fund houses (top ten fund houses), category B has directors from mid-sized fund houses and representatives of emerging fund houses fall under category C.
