The mutual fund industry in India started in 1963 with the formation of Unit Trust of India, at the initiative of the Government of India and the Reserve Bank of India. Private sector entered mutual fund industry only in 1993 with Kothari Pioneer getting the license in July 1993 to operate in India. Since then, the industry has grown by leaps and bounds. Here we show you the biggest milestones in charts/numbers.
I have Rs 12 lakh in surplus. Should I prepay my home loan or invest for monthly income of Rs 25-30k?
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