When was India's first mutual fund set up?

N

ngupta

Nandini Gupta
India's first mutual fund house Unit trust of India(UTI) was set in 1964 by IDBI, SBI, LIC, ICICI, IFCI and some sechduled banks.
 
1963
The mutual fund industry in India began in 1963 with the formation of the Unit Trust of India (UTI) as an initiative of the Government of India and the Reserve Bank of India. Much later, in 1987, SBI Mutual Fund became the first non-UTI mutual fund in India
 
You must log in or register to reply here.
Back
Top