A Balasubramanian, the managing director, and chief executive officer of Aditya Birla Sunlife Mutual Funds, was on October 18 elected as the chairman of the Association of Mutual Funds in India (AMFI). He replaces Nilesh Shah, the Managing Director of Kotak Mutual Fund. Balasubramanian is Chief Executive Officer (CEO) of Aditya Birla Sun Life Asset Management.
Meanwhile, Radhika Gupta, the MD, and CEO of Edelweiss AMC have been appointed as vice-chair of AMFI.
