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In which year Mutual Fund industry began in India ?

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In which year Mutual Fund industry began in India ?
posted Jul 28, 2015 by Prachi Sharma

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1 Answer

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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

answer Jul 28, 2015 by Amit Kumar Pandey
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