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Which organization manages the largest mutual fund in India?
1 Franklin Templeton
2 HDFC
3 SBI
4 UTI
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Answer Posted / sd2
Reliance mutual funds has now gone ahead of Unit Trust of India (UTI) to become India's largest mutual fund by AUM (assets under management).
According to AFMI (Association of Mutual Funds of India) Reliance's AUM were Rs 39000 crore in January compared to Rs 37500 crore of UTI.
Prudential ICICI MF is now in the third position with AUM of 34750 crore and HDFC MF is at fourth position with AUM of 31500 crore.
Total AUM of all mutual funds in India (except Taurus and Escorts) is now at Rs 323500 crore.
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