BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which company has pipped ICICI Prudential MF to become the country’s largest asset management company after a gap of over two years?
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Reliance Mutual Fund
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Aditya Birla Sun Life Mutual Fund
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HDFC Mutual Fund
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Kotak Mahindra Mutual Fund
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Explanation:
Detailed explanation-1: -HDFC Mutual Fund has piped ICICI Prudential MF to become the country’s largest asset management company after a gap of over two years.
Detailed explanation-2: -Statutory Details. ICICI Prudential Mutual Fund (the Fund) was set up as a Trust sponsored by Prudential plc (through its wholly owned subsidiary namely Prudential Corporation Holdings Ltd) and ICICI Bank Ltd.
Detailed explanation-3: -ICICI Prudential Asset Management Company Ltd. is a leading asset management company (AMC) in the country focused on bridging the gap between savings & investments and creating long term wealth for investors through a range of simple and relevant investment solutions.
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