Merger, Acquisition, Stake Sale, winding up - all have happened in abundance in the Indian Mutual Fund space. Though Mutual Funds were born with UTI US 64 in the year 1964 and the first private sector mutual fund was born in 1992 (thanks to Narasimha Rao Govt and Manmohan singh as FM), the growth has never been steady. It had lots of ups and downs. Below mentioned is list of change in hands of various mutual funds... and the list is ever evolving. For instance Bandhan Bank is about to take over IDFC Mutual Fund in Feb 2022 and TATA Mutual Fund is in contemplating to acquire UTI Mutual Fund. Both are not mentioned in this list.
This list could help :
- Those investors who could have invested long time back and lost track of it - only to wake up and find that they do not find the scheme any more. Probably their MF scheme got merged with someone else.
- One may wonder / admire the journey of a mutual fund and its evolution.
- Just like the old saying - "People may Come and Go... but Life goes on", So is with Mutual Funds.
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