CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which among the following tops in the list of Association of Mutual Funds in India (Amfi)?
A
ICICI Prudential Asset Management
B
HDFC Asset Management
C
Reliance Capital Asset Management
D
UTI Asset Management
Explanation: 

Detailed explanation-1: -The Association of Mutual Funds in India (AMFI) is dedicated to developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhance and maintain standards in all areas with a view to protecting and promoting the interests of mutual funds and their unit holders.

Detailed explanation-2: -AMFI, the association of all the Asset Management Companies of SEBI registered mutual funds in India, was incorporated on August 22, 1995, as a non-profit organisation.

Detailed explanation-3: -A Balasubramanian, MD & CEO of Aditya Birla Sun Life Mutual Fund, has been re-elected as the Chairperson of Association of Mutual Funds in India (AMFI), at the recent Board Meeting of AMFI post the 27th AGM held in September 2022.

There is 1 question to complete.