The origin of the Indian mutual funds industry dates back to 1963 when the Unit Trust of India (UTI) came into existence at the initiative of the Government of India and the Reserve Bank of India. Since then the mutual funds sector remained the sole fiefdom of UTI till 1987 when a slew of non-UTI, public sector mutual funds were set up by nationalized banks and life insurance companies.
The year 1993 saw sweeping changes being introduced in the mutual fund
industry with private sector fund houses making their debut and the
laying down of comprehensive mutual fund regulations. Over the years,
the Indian mutual funds industry has witnessed an exponential growth
riding piggyback on a booming economy and the arrival of a horde of
international fund houses.
Here is a list of top Indian mutual funds: