SBI Mutual Fund recently became the first mutual fund house in India to surpass Rs 10 trillion in assets

Daily Current Affairs / SBI Mutual Fund recently became the first mutual fund house in India to surpass Rs 10 trillion in assets

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Category : Business and economics Published on: June 10 2024

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SBI Mutual Fund (SBI MF) made history on Monday by becoming the first fund house in the country to achieve the Rs 10 trillion milestone in assets under management (AUM).
The industry leader has adeptly navigated the post-pandemic equity boom and capitalised on the increasing awareness of MF investing.
This accomplishment was driven by strategic product launches, an expanding investor base, and leveraging SBI’s extensive network.