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Name the asset management company (AMC) that has become India’s largest AMC after a gap of over two years, as per the latest data of Association of Mutual funds in India (AMFI)?
  • a)
    ICICI Prudential MF
  • b)
    HDFC Mutual Fund
  • c)
    HSBC Mutual Fund
  • d)
    Yes Mutual Fund
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
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Name the asset management company (AMC) that has become India’s ...
On January 3, 2019, as per the latest data of Association of Mutual funds in India (AMFI), HDFC Mutual Fund has surpassed ICICI Prudential MF to become the country’s largest asset management company (AMC) after a gap of over two years. As per the data, as of December 2018, HDFC MF managed assets worth Rs 3.35 lakh crore, while those of ICICI Prudential MF stood at Rs 3.08 lakh crore. And consequently, the assets under management (AUM) of HDFC MF have grown over 9 per cent in October-December quarter from the last quarter. Whereas, ICICI Prudential MF’s AUM reduced by 0.6 per cent. Among other firms, SBI MF stood at the third slot with AUM of Rs 2.64 lakh crore, followed by Aditya Birla Sun Life MF (Rs 2.42 lakh crore) and Reliance MF (Rs 2.36 lakh crore). Overall, asset base of the country’s mutual fund industry was at Rs 23.61 lakh crore at the end of December quarter.
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Name the asset management company (AMC) that has become India’s largest AMC after a gap of over two years, as per the latest data of Association of Mutual funds in India (AMFI)?a)ICICI Prudential MFb)HDFC Mutual Fundc)HSBC Mutual Fundd)Yes Mutual Funde)None of theseCorrect answer is option 'B'. Can you explain this answer?
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