During the bullish periods of the equity market, when dividend cheques were big and consistent, many investors put their hard-earned money into equity-oriented schemes to earn steady (and higher) income in the form of dividends.
Muthukumar KMuthukumar K has been writing extensively on personal finance for the last two decades. He is often seen in a blissful state sparked off by Heartfulness Meditation.
It was about half a century ago, that Mutual Funds first set shop in India. Unit Trust of India(UTI), which came into existence from an Act of Parliament in 1963, launched its maiden scheme “Unit Scheme 1964” (fondly shortened to US-64 by investors). Private sector funds joined the industry after SEBI came into existence and scripted a set of regulations for Mutual Funds.