In its board meeting held yesterday in Mumbai, AMFI has re-elected A. Balasubramanian, CEO, Aditya Birla Sun Life Mutual Fund as its Chairman, said two officials who attended this meeting.
Kailash Kulkarni, CEO, L&T Mutual Fund is now the Vice Chairman of AMFI.
AMFI’s committees were also reconstituted. However, barring finance committee in which Anthony Heredia, CEO, Baroda Pioneer Mutual Fund has been appointed as the Chairman, the board has not made any changes to the rest of committees.
As the Chairman, Balasubramanian will continue to head the financial literacy committee.
Similarly, Nilesh Shah, Managing Director, Kotak MF CEO, will be the Chairman of the valuation committee. Sourabh Nanavati, CEO, Invesco and Sanjay Sapre, President, Franklin Templeton will continue to head registration of distributors committee and operations and compliance committee, respectively.
Currently, there are 15 members on AMFI board of which seven are from top ten fund houses and four each from mid and small sized AMCs.
