@liveankit

Indian Mutual fund industry is shining high… I have found this article on a website ,which says that it is a gift of 5 great events… Current status: • Around 35 mutual funds • a total asset size of Rs 402,029 crore (Rs 4,020.29 billion),. 1. 1963-64: The UTI monopoly • UTI (Unit Trust of India) was India's first MF. • Was created in December 1963 through a special Act of Parliament and functioned under the Reserve Bank of India. • Launched its first scheme, US-64 (Unit Scheme-1964) in 1964. • Received almost 126,000 applications for the scheme for Rs 17.4 crore (Rs 174 million). • UTI remained the only fund house in India until public sector companies were allowed to enter the space in 1987. • UTI remained India's largest MF till 2002. 2. 1993: Private sector MFs allowed • Private sector and foreign MFs were allowed from 1993. • The Kothari Pioneer (KP) MF was India's first private sector MF. • With higher salaries and better fund management practices, private sector MFs c

So, after the blistering 2008, 2009 has finally arrived, as I said in my last post, intentionally unintentionally we coin several expectations from a new season, be it connected to business, connected to our family or even the nation… As expected, due to crisis and terror, the year didn’t start with a bash. On an average everyone had a noiseless public display…!! When I was reading the 17 th Anniversary issue of Business today, I came across certain meaningful things various leaders have said, not the political leaders, but our corporate leaders, from the 30 + quotes I read, I found few really inspiring… They are not just quotes but the principles that every life must incorporate in him/her… Some of them are: 1. Listen to your inner voice 2. Out of every 10 men are born in this world, 9 out of 10 works for the 10 th one... prepare to be the 10 th . 3. Reach for stars with foot on the ground 4. Results matter, efforts doesn’t. 5.