Unit Trust Of India Was Setup By

Hii sir, I Wants to know About the Establishment of the Unit Trust of India (UTI) Also tell Me the Founder of the the Unit Trust of India ?

[sumit]

Unit Trust of India (UTI) was established in 1963 by an Act of Parliament. It was set up by the Reserve Bank of India and functioned under the Regulatory and administrative control of the Reserve Bank of India.

Admistration
UTI Mutual Fund is promoted by the four of the largest Public Sector Financial Institutions as sponsors, viz.,
State Bank of India,
Life Insurance Corporation of India,
Bank of Baroda
Punjab National Bank

IT Rowe Price Group Inc (TRP Group) through its wholly owned subsidiary T Rowe Price Global Investment Services Ltd. (TRP) has acquired a 26% stake in UTI Asset Management Company Limited (UTI AMC).

Products
Mutual Funds,
NPS

Services
Portfolio Management Services (PMS)

Subsidiaries
UTI Asset Management Company
UTI International Limited,
UTI Ventures