Question

What significant milestone did the mutual fund industry achieve in December 2023, as per the data released by AMFI?

A ₹50 lakh crore assets under management (AUM) Correct Answer Incorrect Answer
B ₹40 lakh crore assets under management (AUM) Correct Answer Incorrect Answer
C ₹30 lakh crore assets under management (AUM) Correct Answer Incorrect Answer
D ₹20 lakh crore assets under management (AUM) Correct Answer Incorrect Answer
E ₹10 lakh crore assets under management (AUM) Correct Answer Incorrect Answer

Solution

The mutual fund industry achieved a significant milestone of ₹50 lakh crore assets under management (AUM) in the month of December 2023, the AMFI data released on Monday showed. What is awe-inspiring is that it took barely 13 months to take the overall AUM from ₹40 lakh crore to ₹50 lakh crore.

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