Multiple Choice Questions on Which asset management company has become the first in India to cross the Rs 5 lakh crore average as........... for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

Which asset management company has become the first in India to cross the Rs 5 lakh crore average as...........

Current GK ( Master) Financial System
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    Which asset management company has become the first in India to cross the Rs. 5 lakh crore average assets under management (AAUM) mark ?

    Kotak Mahindra Mutual Fund

    Incorrect Answer

    Reliance Mutual Fund

    Incorrect Answer

    Aditya Birla Sun Life Mutual Fund

    Incorrect Answer

    SBI Mutual Fund

    Correct Answer
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    Explanation:
    • SBI Funds Management Pvt. Ltd has informed that it has become the first mutual fund house in India to cross the Rs. 5 lakh crore average assets under management (AAUM) mark.
    • SBI MF has seen a growth of 35 % during the financial year 2020-21, with its average AUM increasing from Rs 3.73 lakh crore to Rs 5.04 lakh crore.

    By: Rohit Middha
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