24th November 2016 04:00 PM | |
shikha | Re: Short Note On Unit Trust Of India Unit Trust of India (UTI) is a statutory public sector investment institution. This institute was set up in February 1964. Objectives of UTI: To encourage and pool the savings of the middle and low income groups. To enable middle and low income groups to share the benefits and prosperity of the industrial development in the country. Some of the schemes of UTI: Unit scheme—1964. Unit Linked Insurance Plan—1971. Monthly Income Unit Scheme. Master Equity Plan—1995. Money Market Mutual Fund—1997. Children Gift Growth Fund Unit Scheme—1986. Rajyalakhmi Unit Scheme—1992. Senior Citizen’s Unit Plan—1993. UTI Growth Sector Fund—1999. Growth and Income Unit Schemes. Functions of UTI: Accept discount, Purchase or sell bills of exchange, Promissory note, Bill of lading, Warehouse receipt, Documents of title to goods To grant loans and advances. Provide merchant banking Provide investment advisory service. Provide leasing and hire purchase business. Extend portfolio management service |
24th November 2016 03:15 PM | |
Unregistered | Short Note On Unit Trust Of India I like to know about the Unit Trust of India (UTI). Would you please give here short note on Unit Trust of India (UTI) ?? |