Question

which of the following banks launched the first mutual fund india​

Answer 1

The mutual fund industry in India began in 1963 with the formation of the Unit Trust of India (UTI) as an initiative of the Government of India and the Reserve Bank of India. Much later, in 1987, SBI Mutual Fund became the first non-UTI mutual fund in India

Answer 2

$\huge\fbox\red{A}\huge\fbox\pink{N}\fbox\green{S}\huge\fbox\blue{W}\fbox\orange{E}\huge\fbox\red{R}$

The first mutual fund scheme that was introduced in India by UTI was in the Unit Scheme (1964). UTI had Assets Under Management worth Rs. 6,700 Crores, by the end of the year 1988. In 1987, public sector enterprises such as State Bank of India, Punjab National Bank, Canara Bank, etc.