Question

who establishes the mutual fund in India​

Answer 1

Answer:

First Phase - 1964-1987

It was set up by the Reserve Bank of India and functioned under the Regulatory and administrative control of the Reserve Bank of India. In 1978 UTI was de-linked from the RBI and the Industrial Development Bank of India (IDBI) took over the regulatory and administrative control in place of RBI.

Answer 2

Actually it was set up by Reserve bank of India and it is controlled by that too