Current Affairs - Finance - Discussion

Discussion Forum : Finance - Latest Current Affairs (Q.No. 111)

2024-06-07 Finance

111.

Which mutual fund house recently became the first in India to surpass Rs 10 trillion in assets under management?

HDFC Mutual Fund

SBI Mutual Fund

ICICI Prudential Mutual Fund

Axis Mutual Fund

Answer: Option

Explanation:

SBI Mutual Fund achieved a historic milestone by becoming the first fund house in India to surpass Rs 10 trillion in assets under management. This accomplishment was driven by strategic product launches, expanding investor base, and leveraging SBI’s network.