Association of Mutual Funds in India elects new Chairman and Vice Chairman
 |
| Sundeep Sikka Chairman, AMFI |
· Mr. Sundeep Sikka, Executive
Director & Chief Executive Officer, Nippon Life India Asset Management
Limited, elected as Chairman of the Association of Mutual Funds in India (AMFI)
· Mr. Vishal Kapoor, Chief
Executive Officer, Bandhan Asset Management Company, elected as Vice Chairman
of AMFI
· Election follows the 30th
AGM and subsequent Board Meeting.
National, 4th
September 2025: The Association of Mutual Funds in India
(AMFI), the industry body representing all SEBI-registered Asset Management
Companies (AMCs), today announced the election of its new Chairman and Vice
Chairman.
Mr. Sundeep Sikka, Executive Director & Chief
Executive Officer, Nippon Life India Asset Management Limited has
been elected as Chairman, while Mr. Vishal Kapoor, Chief Executive Officer, Bandhan
Asset Management Company, has been elected as Vice Chairman, by the
board members following AMFI’s 30th Annual General Meeting.
Mr. Sundeep Sikka earlier served as Chairman
of AMFI from 2013 to 2015 and has been on the AMFI Board since 2009. Mr. Vishal
Kapoor has been serving as Chairman of the ARN Committee since 2020 and has
been on the AMFI Board since 2018.
The newly leadership takes
charge at a pivotal juncture for India’s mutual fund industry, which has
crossed ₹75 lakh crore in assets under management (AUM) and serves over 5.6
crore investors nationwide. Together, they represent the vision of AMFI 2.0,
focussed on deeper engagement with regulators and policy makers, investor
protection, broader inclusion, and sustainable industry growth. Under their stewardship,
AMFI aims to expand its outreach, deepen trust in mutual funds, and strengthen the
foundation for the industry’s next phase of development.
Chairman’s
statement:
“I am honoured to assume the role of
Chairman of AMFI at a time when India’s mutual fund industry is playing a
pivotal role in channelizing household savings to fuel economic growth and
nation building. Our priority will be to expand the reach of mutual funds
across geographies, strengthen investor confidence through transparency and
trust, and work closely with SEBI and policymakers to advance financial
inclusion. As an industry body, we aspire to make mutual funds not just a
preferred investment option but a nationwide movement for long-term wealth
creation. In doing so, we are committed to contributing meaningfully to the
vision of a Viksit Bharat, by enabling every Indian to participate in and
benefit from the country’s growth story. I look forward to building on AMFI’s
strong legacy and driving the next phase of its strategic roadmap.
 |
| Vishal Kapoor,Vice Chairman,AMFI |
Vice Chairman’s Statement
“It is a privilege to serve
as Vice Chairman of AMFI and contribute to the industry’s transformative
journey. In recent years, mutual funds have emerged as the preferred vehicle
for disciplined savings and financial empowerment. Going forward, we will focus
on simplifying access, enhancing investor awareness at the grassroots, and
enabling first-time investors to confidently participate in India’s growth
story. Strengthening and expanding the reach of distributors and advisors will
be an important element in broadening investor participation across the
country”
AMFI also expressed its
heartfelt gratitude to Mr. Navneet Munot, MD & CEO, HDFC Asset Management
Company, for his exemplary tenure as Chairman, and to Mr. Anthony Heredia, MD
& CEO, Mahindra Manulife Mutual Fund, for his valuable contributions as
Vice Chairman. Their leadership has been instrumental in guiding the industry
through a phase marked by global volatility, robust growth, and strengthening
investor confidence, while advancing AMFI’s mission of financial literacy and
inclusion.
The new Chairman and Vice
Chairman will take charge with immediate effect.
About AMFI:
The Association of Mutual Funds in India (AMFI) is dedicated to developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhance and maintain standards in all areas with a view to protecting and promoting the interests of mutual funds and their unit holders.
AMFI was incorporated on August 22, 1995,
as a non-profit organisation. All the asset management companies that are
registered with SEBI, are its members.
