Question
What impact did India’s growing equity markets have on
mutual fund AUM in the September 2024 quarter, and which fund house first crossed ₹10 lakh crore in AUM?Solution
SBI Mutual Fund became the first fund house in India to surpass ₹10 lakh crore in assets under management (AUM), reaching ₹10.99 lakh crore in the September 2024 quarter due to rising equity markets.
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