Association of Mutual Funds in India names Reliance MF's Sundeep Sikka as chairman

NEW DELHI: The Association of Mutual Funds in India ( Amfi) appointed Sundeep Sikka, Reliance MF President and Chief Executive, as its Chairman.

The association has also elected Sandesh Kirkire, Chief Executive Officer of Kotak Asset Management Company, as its vice-chairman.

The decisions were taken in the annual General Body Meeting of Amfi and were communicated to fund houses by the association CEO HN Sinor.

According to sources, Sikka and Kirkire have been elected by the Amfi members unanimously and would hold their respective positions for the period up to the next Annual General Meeting in 2014.

Sikka, who was earlier the vice-chairman of Amfi, succeeds Milind Barve, Managing Director of HDFC MF.

By convention, Amfi vice-chairman takes over as the Chairman of the organisation though Barve was re-elected as Chairman last year.

Before that, UK Sinha, who was heading UTI MF at that time, prior to his appointment as the head of market regulator Sebi, was appointed Amfi Chairman in 2010.

Amfi, which is the industry association of mutual funds, interacts with market regulator Sebi regarding mutual fund related issues and also represents the industry to government, RBI and other organisations. It also serves as a self- regulatory body for mutual funds.