The Indian mutual fund industry's prestigious Trillion Rupee Club has a new leader - index ETFs! The club, reserved for fund categories exceeding Rs 1 trillion (Rs 100,000 crore) in AUM (Assets Under Management), welcomes one new member this month.Currently, 20 out of 39 open-ended fund categories boast an AUM exceeding Rs 1 trillion, showcasing the industry's growth.
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