CURRENT AFFAIRS

Detailed explanation-1: -IDBI Mutual Fund is sponsored by IDBI Bank Ltd. (CIN: L65190MH2004GOI148838). As one of India’s largest banks, IDBI Bank has played a major role in the country’s industrial & economic progress for over 40 years, first as a development financial institution & later as a full-fledged Commercial Bank.

Detailed explanation-2: -First Phase - 1964-1987. Unit Trust of India (UTI) was established in 1963 by an Act of Parliament. It was set up by the Reserve Bank of India and functioned under the Regulatory and administrative control of the Reserve Bank of India.

Detailed explanation-3: -IDBI Mutual Fund Registrar Office Karvy Computershare Pvt.