Unit Trust of India

Tue, 12 May 2026 00:00:00 +0000

The Unit Trust of India (UTI) was a statutory body established under the Unit Trust of India Act, 1963, by the Government of India in partnership with the Reserve Bank of India . It operated from 1964 until its bifurcation under the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002. UTI was India’s first and, for over two decades, its only mutual fund entity, mobilising household savings through its network of agents and unit offices across the country. At its peak in the late 1990s, UTI managed assets of approximately Rs 78,000 crore and held unit accounts for tens of millions of small investors.

UTI Act 1963 on WebNotes

Unit Trust of India