Which one of the following is the largest mutual fund organisation in India?

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Submitted by examrobotsa on

Q: 41 (IAS/1995)
Which one of the following is the largest mutual fund organisation in India?

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,145,174,110,39,25,145

keywords: 

{'largest mutual fund organisation': [0, 1, 0, 0], 'sbi mutual fund': [0, 1, 0, 0], 'gic mutual fund': [0, 1, 0, 0], 'industrial bank mutual fund': [0, 1, 0, 0], 'india': [8, 1, 7, 13], 'unit trust': [0, 2, 0, 1]}

The question is about the largest mutual fund organization in India.

Option 1: SBI Mutual Fund is a bank-sponsored mutual fund that has a significant presence, but it is not the largest.

Option 2: GIC Mutual Fund, again, is not the biggest, despite being sponsored by a leading public sector insurance company.

Option 3: Industrial Bank Mutual Fund is not a recognized entity in the Indian mutual fund landscape hence can be discarded as an option.

Option 4: Unit Trust of India is indeed the correct answer. It is the first and currently one of the largest mutual fund organizations in India, known for its wide network and robust fund management.

Thus, the correct answer is "4. Unit Trust of India". It`s crucial to know the difference for anyone interested in financial markets, as the size of a fund organization could factor into investment decisions.