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Mutual Fund News: SBI Mutual Fund holds its No: 1 position

SBI Mutual Fund has retained its number one position with Asset Under Management (AUM) of Rs 5.11 lakh crore. It is the first mutual fund house in the country, with an Asset Under Management (AUM) of more than five lakh crore rupees.

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SBI Mutual Fund has retained its number one position with Asset Under Management (AUM) of Rs 5.11 lakh crore. It is the first mutual fund house in the country, with an Asset Under Management (AUM) of more than five lakh crore rupees.

There is a big reshuffle in the mutual fund industry of the country. Based on Asset Under Management (AUM), ABI Mutual Fund retained its position at number one, the same HDFC Mutual Fund (HDFC Mutual Fund) has slipped from number two to number three. ICICI Prudential has climbed from the third position to the second position. This information is obtained from the portfolio disclosure on AMC’s website.

In April ’21 month, ABI Mutual Fund (SBI MF) retains its number one position with an AUM of Rs 5.11 lakh crore. Asset under management of HDFC mutual fund i.e. AUM is Rs 4.07 lakh crore, while ICICI Prudential Mutual Fund has AUM of Rs 4.12 lakh crore.

Mutual fund experts say that ICICI Prudential Mutual Fund has outperformed in schemes like equity, debt and hybrids for the past one year. Whatever decision it has taken in equity has been taken keeping in mind the value. This fund house has given better returns to investors in a year. If you talk about debt, then this debt has been able to give positive returns to investors. When it comes to hybrid funds, this fund house constantly focuses on asset allocation. Asset allocation gives investors the advantage that when the market is up, the investment in it decreases and when the market is down, the investment in it becomes more. This gives investors a better return.

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