A Balasubramanian has been elected as the new Chairman of the Association of Mutual Funds in India (AMFI). He replaces Nilesh Shah, the Managing Director of Kotak Mutual Fund. Balasubramanian is Chief Executive Officer (CEO) of Aditya Birla Sun Life Asset Management. Meanwhile, Radhika Gupta, the MD and CEO of Edelweiss AMC, has been appointed as vice-chair of AMFI.
Important takeaways for all competitive exams:
- Association of Mutual Funds in India Founded: 22 August 1995;
- Association of Mutual Funds in India Headquarters: Mumbai.