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