Navneet Munot elected as new chairman of AMFI, to take charge from Oct 16 (2024)

FAQs

Navneet Munot elected as new chairman of AMFI, to take charge from Oct 16? ›

Navneet Munot will take over the charge from A Balasubramanian, CEO of Aditya Birla Sun Life Asset Management on October 16. He is a Chartered Accountant and has over three decades of experience in the financial services.

Mr. Navneet Munot, MD and CEO of HDFC Asset Management has been elected as the Chairman of Association of Mutual Funds in India (AMFI), at the recent Board Meeting of AMFI post the 28th AGM held in September 2023. Mr.

Navneet Munot, MD and CEO of HDFC Asset Management, has been elected as the Chairman of Association of Mutual Funds in India (AMFI). Navneet Munot is a Chartered Accountant and a CFA charter holder and has over three decades of experience in financial services.

Mr. Navneet Munot is the MD and CEO - HDFC Asset Management Company Limited. Mr. Munot has over 30 years of experience in financial markets.

If someone needs to be given credit for this turnaround, it is Navneet Munot—the former chief investment officer at SBI Mutual Fund—who joined HDFC AMC as its CEO and MD in February 2021.

B Gopkumar, the managing director and new CEO of Axis Mutual Fund.

Since the time it was established, AMFI has evolved as a highly respected representative body of the MF industry, owing to active involvement of its members and has strived towards introducing several best practices across various areas, such as disclosures, operations and risk management, valuation of securities, ...

AMFI and SEBI (Securities and Exchange Board of India) are distinct entities in the Indian financial market. AMFI is an industry association representing mutual fund companies and working towards industry development. Conversely, SEBI is the overall regulator of the securities market, including mutual funds.

Led by John R. Greed, Chairman, President and Chief Executive Officer, Mutual of America's Board of Directors includes individuals who have records of significant accomplishments and leadership in a variety of fields.

The most important role of AMFI in Mutual Fund is to help protect the interest of Indian investors, as well as that of the asset management companies. It also aids in making investments transparent and more accessible to attract more people to it.

Who is the CEO of the public mutual? ›

Chief Executive Officer/Executive Director - Non Independent

Mr. Chiang Kang Pey was appointed as the Chief Executive Officer and a member of the Board of Directors of Public Mutual in November 2022.

Prashant Jain was Chief Investment Officer at HDFC Mutual Fund, a leading Mutual Fund of India from 2004 to 2022. During this tenure, HDFC Mutual Fund's assets grew from approximately Rs. 3000 cr^ to approximately Rs. 4,40,000 cr.

In this process, the mutual fund company or AMC would charge a fee which is also known as expense ratio. And this expense ratio is the key source of revenue for the company.

Sashidhar Jagdishan (Oct 27, 2020–)

HDFC Bank / CEO

HDFC Asset Management Company has received the final approval for a change in control to HDFC Bank from Housing Development Finance Corporation. The change in majority control was part of the amalgamation of Housing Development Finance Corporation into HDFC Bank.

As per the latest available financial data, Bank of India Mutual Fund has an AUM of over Rs 6554.90 crore (as on 30-Jun-2023). The leading squad of the Bank of India Mutual Fund includes Mr Mohit Bhatia as CEO/MD, Mr Alok Singh as CIO, and Ms Roshni Pawar as Investor Service Officer.

Plot Nos. C-31 / C-32, G Block, Bandra Kurla Complex, Bandra – East, Mumbai – 400 051.

Darren Burrows is the Founder & CEO of Funds-Axis, a company that provides cloud-based regulatory technology to the global asset management industry. Prior to founding Funds-Axis, Darren served as Head of Funds Compliance at Citigroup and as an Assistant Compliance Officer at Societe Generale.