 "ICICI Pru MF's Nimesh Shah elected as new chairman of industry body Amfi")
Don't want to miss the best from Business Standard?
ICICI Prudential Asset Management Company Managing Director and Chief Executive Nimesh Shah has been elected as the chairperson of industry body Amfi, senior officials said.
Shah has replaced A Balasubramanian, chief executive officer of Aditya Birla Sun Life MF, who took over as Amfi chairman in 2016.
Kailash Kulkarni, CEO of L&T Mutual Fund, continues to be the vice chairperson of the Association of Mutual Funds in India (Amfi), they added.
The decision was taken at the industry body's board meeting on Friday.
Shah joined the mutual fund industry in July 2007, having been appointed as MD and CEO of ICICI Prudential AMC that has assets under management of Rs 3.1 trillion.
With 41 active players, the mutual fund industry manages assets to the tune of Rs 22 trillion.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app