GOVERNMENT SECONDARY AND HIGHER SECONDARY TEACHER BADLI AADESH BABAT.
The First Introduction of a mutual fund in India occurred in 1963, when the Government of India launched Unit Trust of India.
UTI Enjoyed a monopoly in the Indian mutual fund Market until 1987,when a host of other Government - Controlled Indian Financial Companies Established their own funds , Including state Bank of India, canara Bank, and Punjab National Bank. this Market was made open to private players in 1993, as a result of the historic constitutional amendments brought forward by the then congress led Government under the existing regime of Liberalization , privatization and Globalization. the first private sector fund to operate in India was kothari pioneer, which later merged with Franklin Templeton in 1996, SEBI, the Regulator of Mutual funds in India, formulated the mutual fund regulation in 1996, regulation which is a comprehensive regulatory framework.
Deposit Being available in the Market less than 10% of Indian Households have invested in mutual funds. a recent report on mutual fund investments in India published by research and analytics firm, Boston analysics, suggests investors are holding back from Putin their money into mutual funds due to their perceived high risk and a lack of information on how mutual funds work here are 46 mutual funds as of June 2013.
Government Secondary and Higher Secondary Teacher Badli Aadesh babat.
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