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Mutual Funds

How many mutual funds are there in India today?
Take the Rediff Biz Quiz and find out how much you know about various Indian mutual funds.

1. Which was the first private mutual fund company in India?
a) Kothari Pioneer
b) Morgan Stanley
c) UTI Mutual Fund

2. Samir Arora, who recently was banned by the Securities and Exchange Board of India, was a part of which mutual fund?
a) Sabre Capital
b) Alliance Capital
c) Franklin Templeton

Wrong! Try again..
Wrong!
The correct answer is Alliance Capital.
The star fund manager of Alliance Capital, Samir Arora, was barred by the Securities and Exchange Board of India, from buying, selling or dealing in securities in any manner, directly or indirectly, after it charged him with insider trading.
Correct!
The star fund manager of Alliance Capital, Samir Arora, was barred by the Securities and Exchange Board of India, from buying, selling or dealing in securities in any manner, directly or indirectly, after it charged him with insider trading.

3. Which was the first public sector mutual fund to be set up after the Unit Trust of India?
a) SBI Mutual Fund
b) LIC Mutual Fund
c) Canbank Mutual Fund

Wrong! Try again..
Wrong! The correct answer is SBI Mutual Fund.
SBI Mutual Fund was the first non-UTI Mutual Fund and was started in June 1987, followed by Canbank Mutual Fund (December 1987) and Punjab National Bank Mutual Fund (August 1989). UTI came into being in 1963. By the end of 1993, which was the time when the private sector finally entered the business, the mutual fund industry had assets under management worth Rs 47,004 crore (Rs 470.04 billion).
Correct!
SBI Mutual Fund was the first non-UTI Mutual Fund and was started in June 1987, followed by Canbank Mutual Fund (December 1987) and Punjab National Bank Mutual Fund (August 1989). UTI came into being in 1963. By the end of 1993, which was the time when the private sector finally entered the business, the mutual fund industry had assets under management worth Rs 47,004 crore (Rs 470.04 billion).

4. How many mutual funds are there in India today?
a) 31
b) 35
c) 20

Wrong! Try again..
Wrong! The correct answer is 31.
As at the end of June 30, 2003, there were 31 funds, which manage assets of Rs 1,04,762 crore (Rs 1,047.62 billion), under 376 schemes. With the bifurcation of the erstwhile Unit Trust of India and with the setting up of a UTI Mutual Fund, the mutual fund industry is seen to have entered a phase of consolidation and growth.
Correct!
As at the end of June 30, 2003, there were 31 funds, which manage assets of Rs 1,04,762 crore (Rs 1,047.62 billion), under 376 schemes. With the bifurcation of the erstwhile Unit Trust of India and with the setting up of a UTI Mutual Fund, the mutual fund industry is seen to have entered a phase of consolidation and growth.

5. HDFC Standard Life Mutual Fund recently bought out which of its competitors?
a) PNB Mutual Fund
b) IL&FS Mutual Fund
c) Zurich India Mutual Fund

Wrong! Try again..
Wrong! The correct answer is Zurich India Mutual Fund.
HDFC Standard Life Mutual Fund bought out Zurich in March 2003. Zurich was regarded to have the best set of top-performing schemes, especially in the equity schemes category. With the acquisition of Zurich, HDFC's assets under management will touch nearly Rs 10,000 crore (Rs 100 billion).
Correct!
HDFC Standard Life Mutual Fund bought out Zurich in March 2003. Zurich was regarded to have the best set of top-performing schemes, especially in the equity schemes category. With the acquisition of Zurich, HDFC's assets under management will touch nearly Rs 10,000 crore (Rs 100 billion).

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Compiled by: Priya Ganapati



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Number of User Comments: 22




Sub: matual fund

dear sir, can i have the all information regarding mutual funds in india,players,their share,which funds are doing well? thanking you


Posted by anoop verma





Sub: mutual fund

dear sir, plz give me the list of mutual funds operating in india, their names, year of origin, when they start operating and list of ...


Posted by anoop verma





Sub: market share of all mutual funds

sir i want to know what are the market shares of all mutual funds that are operating in india. please send it as soon as ...


Posted by satyarth





Sub: mutual fund

Sir, i am a certified mutaul fund advisiors.should i start my on or jion any company


Posted by Ravikant





Sub: List of mutual funds companies in india

Dear sir, I want to know 1.List of mutual funds companies in india 2.tax benifit kindly send the mail. thank u vinay hegde


Posted by vinay




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