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What is Evolution of Mutual Funds in India about?

The mutual fund industry in India began in 1963 with the formation of Unit Trust of India. It experienced four phases of growth, starting with UTI dominating the market alone until 1987 when public sector funds entered. In 1993, private sector funds entered the industry and increased the total assets under management to over Rs. 1 lakh crores by 2003, with 33 total mutual funds operating in India.

Author

shriyanshu padhi

Language

EN