Mr. Sanjay Sinha, CEO of L&T Mutual Fund has been elected as a Director on the Board of AMFI (Association for Mutual Funds in India) at the Special General Membership Meeting held on 26 April 2011. His tenure will continue until the next Annual General Meeting is held.
AMFI is the apex body of all the registered Asset Management Companies in India and was incorporated on 22 August 1995 as a non-profit organization. As of now, all the 43 Asset Management Companies that are registered with SEBI are its members. AMFI is an important body in the mutual fund industry and has played significant role in shaping the industry. It has been set up with an objective to promote and protect the interests of mutual funds and their unit holders, and to maintain high professional and ethical standards in the mutual fund industry.
As a member of the Board of Directors of AMFI, Mr. Sinha's responsibility will be to recommend best practices to be followed by AMCs. The Board will interact and represent to the Securities and Exchange Board of India (SEBI), the Government and Reserve Bank of India on all matters concerning the Mutual Fund industry.
Mr. Sanjay Sinha is an Honours Graduate in Economics from University of Delhi and a Post Graduate from IIM Kolkata. He has a rich experience of over 21 years in the mutual fund industry and has managed assets worth over Rs. 35,000 Crores during his prior assignments. Funds managed by him have won various awards and accolades for performance.
Source: http://www.adityabirlamoney.com/news/474015/10/22,24/Mutual-Funds-Reports/Mr-Sanjay-Sinha-Elected-as-Director-on-the-AMFI-Board
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