Multiple choice

UTI has been divided into two parts UTI-I and UTI-II. Which part has been kept under the control of the government?

  1. UTI-I

  2. UTI-II

  3. Both the above

  4. None of the above
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A Correct answer
Explanation

UTI- I have been kept under the control of the government. In 2003, UTI was divided into two parts, UTI Mutual Fund (UTI MF) and a specified undertaking of UTI or UTI-I. UTI MF was brought under SEBI regulations while UTI-I was kept under direct government control since its schemes offered guaranteed returns. 

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