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Who Has Been Elected Chairman of the Association of Mutual Funds in India (AMFI) Effect From 16 October 2023?
A)
Dilip Shanghvi
B)
Navneet Munot
C)
Neeraj Akhoury
D)
Rajesh Gopinathan

Correct Answer :   Navneet Munot


The Association of Mutual Funds in India (AMFI) has elected Navneet Munot and Anthony Heredia as its new chairman and vice-chairperson. Munot is the managing director (MD) and chief executive officer (CEO) of HDFC Asset Management. Heredia is the MD and CEO of Mahindra Manulife Mutual Fund.

* The election brings an end to a two-year term of A Balasubramanian as the chairman and Radhika Gupta as the vice-chairperson.

* Though the association holds elections for the two positions every year, the elected representatives generally get a two-year term.

* The election took place at the 28th annual general meeting (AGM) of Amfi in September 2023. Munot and Heredia will take charge from 16 October 2023.


Navneet Munot: A Financial Veteran :

Navneet Munot’s appointment as the Chairman of AMFI brings with it a wealth of experience and expertise. As a Chartered Accountant and a CFA charter holder, Munot’s impressive credentials have made him a respected figure in the financial services industry. With over thirty years of experience, his leadership promises to steer AMFI in the right direction.


Other Appointment :

* The Board of AMFI has also elected Anthony Heredia, MD and CEO of Mahindra Manulife Mutual Fund, as the Vice-Chairman. With his extensive experience in the investment management industry, Heredia takes over the role from Radhika Gupta, MD of Edelweiss Asset Management.

* Anthony Heredia’s appointment as Vice-Chairman of AMFI is a testament to his qualifications and contributions to the investment management sector. As a Chartered Accountant with over 26 years of experience, he is well-prepared to support and guide AMFI in achieving its objectives.

* Radhika Gupta, the outgoing Vice-Chairman, has been a valuable asset to AMFI during her tenure. Her expertise and dedication have helped shape the mutual fund industry’s growth in India. Her departure marks the start of a new chapter with Anthony Heredia taking on the role.


Both Joining :

The new Chairman, Navneet Munot, and Vice-Chairman, Anthony Heredia, are set to take charge of AMFI from October 16. Their combined expertise and experience are expected to bring fresh insights and guidance to further enhance the mutual fund industry in India. As the leaders of AMFI, they will play a crucial role in shaping the future of mutual funds in the country..

Source : Business Standard

Published On : October 11, 2023
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