AMFI Elects Sundeep Sikka as Chairman and Vishal Kapoor as Vice Chairman During 30th AGM to Strengthen Mutual Fund Industry Leadership.
Appointment
In September 2025, the Association of Mutual Funds in India (AMFI) elected Sundeep Sikka, CEO of Nippon Life India Asset Management Limited (NAM India), as its Chairman and Vishal Kapoor, CEO of Bandhan Asset Management Company (AMC), as Vice Chairman, effective immediately during its 30th Annual General Meeting (AGM).
- Sundeep Sikka succeeded Navneet Munot, Managing Director (MD) and CEO of HDFC AMC, as Chairman of AMFI, while Vishal Kapoor succeeded Anthony Heredia, MD and CEO of Mahindra Manulife Mutual Fund (MF), as Vice Chairman.
- Sundeep Sikka joined NAM India in 2003 and became CEO in 2009, making him one of the youngest leaders in the Indian asset management sector. He has previously served as AMFI Chairman from 2013 to 2015 and has been a Board member since 2009.
Main Point :- (i) Vishal Kapoor has nearly 30 years of experience in financial services. He has been serving as the Chairman of the AMFI ARN (Association of Registered Mutual Fund Distributors) Committee since 2020 and brings extensive leadership experience from top financial institutions.
(ii) Prior to his current role, Vishal Kapoor held key positions such as MD & Head of Wealth Management at Standard Chartered Bank (SCB), and leadership roles with American Express and ITC Threadneedle AMC in India and the USA. He has also actively participated in regulatory and industry working groups.
(iii) The new leadership at AMFI aims to strengthen the mutual fund sector in India, promote investor awareness, and enhance governance in the asset management industry. Their appointments reflect continuity as well as renewed strategic focus for AMFI in fostering sustainable growth.
About Association of Mutual Funds in India (AMFI)
Established : 1995
Headquarter : Mumbai
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