Unit Trust of India

Unit Trust of India (UTI) is a statutory private sector investment body. It was set up on February 1, 1964 as per the Unit Trust of India Act of 1963. The primary objective of setting up this institution was to channel corporate investments through encouraging productive community savings. Therefore, it allows small-time savers to invest in risk-diverse fields. 

People who hold units under this can sell them to UTI at a given rate as well. A very particular reason why this is an attractive investment option is because the investment in UTI has a certain rebate on income tax. Moreover, the income from UTI is also exempted from income tax as per certain conditions. 

Meaning of Unit Trust of India:

Unit Trust is an investment plan where the funds are pooled together and then the investment. The fund that has been pooled is later unitized. The investor is known as a unitholder. He or she holds a certain number of units. On the other hand, ___ ___ ____ _________ ________.
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