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Question
Which of the following is the first commercial bank who had launched a mutual fund?
Which of the following is the first commercial bank who had launched a mutual fund?
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Solution
The correct option is A State Bank of India
SBI Mutual Fund was the first Mutual Fund established
in June 1987 followed by Canbank Mutual Fund (Dec 87), Punjab National Bank
Mutual Fund (Aug 89), Indian Bank Mutual Fund (Nov 89), Bank of India (Jun 90) and Bank of Baroda Mutual Fund (Oct 92).
SBI Mutual Fund was the first Mutual Fund established in June 1987 followed by Canbank Mutual Fund (Dec 87), Punjab National Bank Mutual Fund (Aug 89), Indian Bank Mutual Fund (Nov 89), Bank of India (Jun 90) and Bank of Baroda Mutual Fund (Oct 92).
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