Which was the first Mutual Funds that was started in India ?

SBI Mutual Funds

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HDFC Mutual Funds

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Kotak Pioneer Mutual Funds

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Indian Bank Mutual Funds

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None of these

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Solution

The correct option is E None of these
The first mutual funds to be started in India was in 1963, when Unit Trust of India (UTI) was formed jointly by Government of India and the Reserve Bank of India.

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