The Association of Mutual Funds in India (AMFI) on 26 September 2013 appointed Sundeep Sikka, Reliance MF President and Chief Executive, as its Chairman. In the meanwhile, Sandesh Kirkire, Chief Executive Officer of Kotak Asset Management Company was elected as the vice-chairman.
The decisions of appointment were taken in annual General Body Meeting of AMFI. Both Sundeep Sikka as well as Sandesh Kirkire were unanimously elected by the AMFI and will hold their positions till 2014, i.e., up to next Annual General Meeting. Sundeep Sikka succeeds Milind Barve, Managing Director of HDFC MF. Sundeep Sikka was earlier the vice-chairman of AMFI. As per the convention of AMFI, the vice-chairman takes over as the Chairman of the organisation.
About the Association of Mutual Funds in India (AMFI)
• The Association of Mutual Funds in India (AMFI) is the industry association of mutual funds.
• It interacts with SEB, the market regulator, in context with the mutual fund related issues.
• AMFI is also representative of the industry of mutual funds to the Union Government of India, Reserve Bank of India as well as other organisations.
• AMFI serves as the self- regulatory body for mutual funds.