Which of the following is not a private sector mutual fund?

HDFC

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LIC

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ICICI

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Axis

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Solution

The correct option is B LIC
The Unit Trust of India (UTI), Life Insurance Corporation Mutual Fund (LIC MF), and SBI Mutual Fund are public sector institutions. Axis Mutual Fund, HDFC Mutual Fund, and ICICI Prudential Mutual Fund are private mutual fund institutions.

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