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What is Overview of India about?
The mutual fund industry in India began in 1963 with the formation of the Unit Trust of India (UTI) by the government and Reserve Bank of India. During 1964-1987, regulatory control of UTI shifted to IDBI. The industry grew with the addition of other public sector funds in 1987-1993 and saw its first private fund in 1993. The industry has since expanded rapidly with many foreign funds establishing Indian operations and increased mergers and acquisitions among domestic funds.
- Author
- sai sreenivas datta
- Language
- EN