From the shift of Sensex to a free-float methodology to the great fall after global financial crisis of 2008-09, and recovery afterwards, here are 16 biggest events for stock markets from 2003 to 2014
Topics
stock markets | Indian market | Mutual Funds
1. February 1, 2003: UTI Mutual Fund is carved out of the erstwhile UTI as a Sebi-registered mutual fund. The Unit Trust of India Act, 1963, is repealed, and UTI is split into Specified Undertaking of Unit Trust of India (Suuti) and UTI Mutual Fund. UTI Mutual Fund is promoted by State Bank of India, LIC, Punjab National Bank and Bank of Baroda, with a combined holding of 45.2 per cent in the paid-up capital of UTI AMC.
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First Published: Thu, August 11 2022. 18:00 IST !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);fbq(‘init’,’550264998751686′);fbq(‘track’,’PageView’); .
