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    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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