Which one of the following is the largest mutual fund organization in India?

Correct option is A

The correct answer is (a) SBI Mutual Fund. 
Explanation:
· SBI Mutual Fund (SBI Funds Management Ltd.) is currently the largest mutual fund organization in India based on its Assets Under Management (AUM).
· It has consistently ranked as the top AMC, managing a significant portion of the total assets in the Indian mutual fund industry.
· As of July 31, 2025, SBI Mutual Fund had an AUM of ₹11,97,869 CrInformation Booster:
· SBI Mutual Fund is a joint venture between the State Bank of India (SBI), India's largest public sector bank, and Amundi, a European asset management company.
· It offers a wide range of mutual fund schemes across various categories like equity, debt, and hybrid funds, catering to diverse investor needs.
· The fund house has a strong distribution network, leveraging SBI's extensive reach across the country. 
Additional Knowledge: (b) GIC Mutual Fund:
· GIC Mutual Fund is a smaller player compared to SBI Mutual Fund and is not among the largest mutual fund organizations in India by AUM.
· GIC Mutual Fund is part of the GIC Group, which includes reinsurance and other financial services. 
(c) Unit Trust of India:
· The Unit Trust of India (UTI) was historically a pioneering and, for a long time, the dominant mutual fund organization in India since its establishment in 1963.
· However, UTI underwent restructuring and is now known as UTI Mutual Fund. While it remains a significant player, it is not currently the largest. 
· UTI Mutual Fund is promoted by four public sector financial institutions: SBI, LIC, Bank of Baroda, and Punjab National Bank. 
(d) Indian Bank Mutual Fund:
· Indian Bank Mutual Fund is a smaller mutual fund organization and not comparable in size to SBI Mutual Fund.
· It is sponsored by Indian Bank, a public sector bank.