Which Bank has entered into a distribution agreement to sell the mutual fund products of HDFC Capital Asset Management Ltd (HDFCAML) during exchanged the memorandum of understanding in Mangaluru, Karnataka?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	State Bank of India
B	Karur Vysya Bank
C	Karnataka Bank
D	Kotak Mahindra Bank

Explanation:

Detailed explanation-1: -Anupam Joshi is currently the Portfolio Manager and Fund Manager of Fixed Income at HDFC Mutual Fund since 2015.

Detailed explanation-2: -HDFC Asset Management Company Limited (HDFC AMC) is the Investment Manager to HDFC Mutual Fund (HDFC MF) the largest mutual fund in India with total AUM of Rs. 407553 Crore as of March 31 2022.

Detailed explanation-3: -The investment objective of the HDFC Balanced Fund is to generate capital growth and provide income through investment in a combined portfolio that consists of money market, debt, equity, and equity-related instruments. Who is the HDFC Balanced Fund for?

Detailed explanation-4: -With an AUM of Rs 457, 296 crores, HDFC Mutual Funds offers 72 schemes across different categories including 22 equity, 22 debt, and 7 hybrid mutual funds. Know the HDFC MF scheme details, historical returns, compare and invest in Best HDFC Mutual Fundss.

There is 1 question to complete.