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    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?
    A AUM decreased; HDFC Mutual Fund Correct Answer Incorrect Answer
    B AUM increased; ICICI Mutual Fund Correct Answer Incorrect Answer
    C AUM remained stable; SBI Mutual Fund Correct Answer Incorrect Answer
    D AUM increased; SBI Mutual Fund Correct Answer Incorrect Answer
    E AUM decreased; LIC Mutual Fund Correct Answer Incorrect Answer

    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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