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Question
Which of the following was the first Mutual Fund listed on the newly launched Mutual Fund platform on National Stock Exchange?
Which of the following was the first Mutual Fund listed on the newly launched Mutual Fund platform on National Stock Exchange?
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Solution
The correct option is A UTI Mutual Fund
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.
Thus, UTI mutual fund was the first mutual fund listed
on the newly launched Mutual Fund platform on National Stock Exchange.
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.
Thus, UTI mutual fund was the first mutual fund listed on the newly launched Mutual Fund platform on National Stock Exchange.
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