UNI Trust of India
UNI Trust of India
‘Unit Trust of India was made by the UTI Act authorized by the Parliament in 1963. For more than two tens it stayed the sole vehicle for investment in the capital market by the Indian citizens. In mid- 1980s public sector banks were granted to open common funds. The real vibrancy and competition in the MF industry came with the setting up of the Regulator SEBI and its putting down the MF Regulations in 1993.UTI maintained its pre-high place till 2001, when a big refuse in the market indicators and negative investor sentiments after Ketan Parekh scam made doubts about the capacity of UTI to meet its obligations to the investors. .UTI Mutual Fund was created as a SEBI filed fund like any other mutual fund. The UTI Asset Management Company has its registered office at: UTI Tower, Gn Block, and Bandra— Kurla Complex, Bandra (East), Mumbai – 400 051
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‘Unit Trust of India
India