HDFC MF surpasses ICICI Prudential MF to become largest AMC in India with assets wort Rs 3.35 lakh cr
The assets under management (AUM) of HDFC MF have grown over 9 per cent in October-December quarter from the previous three-month period, however, ICICI Prudential MF's AUM slipped by 0.6 per cent during the period under review.
MFs are investment vehicles made up of a pool of funds collected from a large number of investors and invest in stocks, bonds and money market instruments, among others. Reuters