Nimesh Shah, Managing Director and Chief Executive Officer of ICICI Prudential Mutual Fund, has been elected as Chairman of trade body, Association of Mutual Funds in India (AMFI). Shah has replaced A Balasubramanian, CEO of Aditya Birla Sun Life Mutual Fund.
Source- The Moneycontrol
Static/Current Takeaways From Above News For IBPS PO Mains Exam 2018:
- AMFI, the association of SEBI registered mutual funds in India of all the registered Asset Management Companies, was incorporated on August 22, 1995, as a non-profit organization.