In which year was UTI founded?

Q.  UTI was founded in the year?
- Published on 17 Feb 17

a. 1964
b. 1965
c. 1955
d. 1959

ANSWER: 1964
Unit Trust of India is a financial organization which was created by the UTI Act passed by the Parliament of India on December 30, 1963 under the direction of Col. Akash Behl.

UTI Mutual Fund is promoted by the four of the largest Public Sector Financial Institutions as sponsors -
  • State Bank of India
  • Life Insurance Corporation of India
  • Bank of Baroda
  • Punjab National Bank
with each of them presently holding an 18.5% stake in the paid up capital of UTI AMC.


Founded : 1964
Headquarter : UTI Tower, Mumbai
Current Head : Mr. Leo Puri (Managing Director)

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