Question

Mutual Funds asset base in India stood at ______ at end of November 2018.
1. ₹31 lakh crore
2. ₹47 lakh crore
3. ₹24 lakh crore
4. ₹19 lakh crore

Answer 1

Correct Answer - Option 3 : ₹24 lakh crore

The correct answer is Rs. 24 lakh crore.

• As per AUM as on 30 November 2018, manages assets worth Rs.24,03,134 crore.
• Average Assets Under Management (AAUM) of Indian Mutual Fund Industry for the month of October 2020 stood at ₹ 28,33,890 crore.
• The Industry’s AUM had crossed the milestone of ₹10 Trillion (₹10 Lakh Crore) for the first time in May 2014.
• There are 44 asset management companies (AMCs) or mutual fund houses operating in India.

•  A mutual fund collects money from investors and invests the money on their behalf in the financial market.
• SEBI is the regulatory body of mutual funds.
• TER or Total Expense Ratio is a percentage of a scheme's corpus that a mutual fund house charges towards expenses including administrative and management.