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What is Public Sector Mutual Fund Definition And Meaning

What is Public Sector Mutual Fund Definition And Meaning

Unit Trust of India is one of the public sector mutual funds operating from 1964 and it enjoys the monopoly power in the field of mutual funds up to 1987. After 1987, Public Sector Commercial Banks and Life Insurance Corporation of India also entered into mutual funds activities.

[Post Image Courtesy of BPlanet at FreeDigitalPhotos.net]

State Bank of India, Canara Bank, Punjab National Bank, General Insurance Corporation are some of the public sector mutual funds activities.

About Author Mohamed Abu 'l-Gharaniq

when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries.

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