The Association of Mutual Funds in India (AMFI), the industry body representing all SEBI-registered Asset Management Companies (AMCs) announced the election of its new Chairman and Vice Chairman on September 4, 2025.
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 new 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, focused on deeper engagement with regulators and policymakers, 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
Mr. Sundeep Sikka, Chairman, AMFI:
“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 channelising 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.”
Vice Chairman’s Statement
Mr. Vishal Kapoor, Vice Chairman, AMFI:
“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 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.
RiskAwareness Insight
This leadership transition at AMFI is more than an organisational change, it is a signal of how India’s financial ecosystem is strengthening its risk governance frameworks. With mutual funds now central to retail investor participation and financial inclusion, AMFI’s new leadership will need to balance growth aspirations with reputational safeguards, compliance discipline, and systemic resilience.
For the industry, the real challenge will be ensuring that financial literacy and investor trust remain ahead of product expansion, a theme RiskAwareness will continue to track closely.
