Which one of the following is the largest mutual fund organisation in India?

1. The question asks to identify the largest mutual fund organisation in India around the time the question was posed (1995). 2. The Unit Trust of India (UTI) was established by an Act of Parliament in 1963 and began operations in 1964. For several decades, it enjoyed a monopoly or near-dominant position in the Indian mutual fund industry. 3. By the early 1990s, while other players like SBI Mutual Fund, GIC Mutual Fund, and funds sponsored by other banks (Industrial Bank Mutual Fund likely refers to funds associated with development banks like IDBI) had entered the market, UTI still held the vast majority of the industry's assets under management (AUM). 4. Therefore, in 1995, the Unit Trust of India was undisputedly the largest mutual fund organisation in India.