Why of the following is a mutual fund institution?

Dhanalakshmi Bank

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Unit Trust of India

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NABARD

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Kerala State Financial Enterprises

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Solution

The correct option is A Unit Trust of India
Dhanalakshmi Bank is a private sector bank headquartered in Kerala. NABARD is the apex bank under the control of Central Government, which leads agricultural and rural development. Kerala State Financial Enterprises is an NBFC which operates chitties, accepts deposits, and lends money. Unit Trust of India(UTI) mutual fund is sponsored by SBI, LIC, Bank of Baroda and Punjab National Bank, and is one of the oldest mutual funds in India.

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