Current Affairs - Business - Discussion

Discussion :: Business - Latest Current Affairs (Q.No.430)

430. 

Which of the following become the country's largest asset management company?

[A]. HDFC Mutual Fund
[B]. ICICI Prudential Mutual Fund
[C]. SBI Mutual Fund
[D]. Reliance Mutual Fund

Answer: Option A

Explanation:

HDFC Mutual Fund has pipped ICICI Prudential MF to become the country's largest asset management company after a gap of over two years. As of December-end, HDFC MF manages assets to the tune of Rs 3.35 lakh crore, while those of ICICI Prudential MF stood at Rs 3.08 lakh crore, as per the latest data available with Association of Mutual funds in India. The assets under management (AUM) of HDFC MF have grown over 9% in October-December quarter from the previous three-month period, however, ICICI Prudential MF's AUM slipped by 0.6% during the period under review.

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