Economics · Financial Markets
What was the primary objective behind establishing the Unit Trust of India (UTI)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To operate solely as a speculative regulatory trading house for foreign brokers
- 2To provide high-interest commercial loans exclusively to large institutional investors
- 3To mobilize small savings by selling units to retail investors and channel them into productive corporate securities✓
- 4To directly sell shares of corporate public sector undertakings
Correct answer
To mobilize small savings by selling units to retail investors and channel them into productive corporate securities
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