▁grand is ▁on ▁Es sex ▁Field ▁Club ▁ ▁Category : Tab an idae ▁Category : In sect s ▁described ▁in ▁ 1 8 2 0 ▁Category : B rach y cer an ▁f lies ▁of ▁Europe <0x0A> </s> ▁The ▁first ▁introduction ▁of ▁a ▁mut ual ▁fund ▁in ▁India ▁occurred ▁in ▁ 1 9 6 3 , ▁when ▁the ▁Government ▁of ▁India ▁launched ▁Unit ▁Trust ▁of ▁India ▁( UT I ). ▁U TI ▁enjoyed ▁a ▁mon opol y ▁in ▁the ▁Indian ▁mut ual ▁fund ▁market ▁until ▁ 1 9 8 7 , ▁ ▁when ▁a ▁host ▁of ▁other ▁government - control led ▁Indian ▁financial ▁companies ▁established ▁their ▁own ▁funds , ▁including ▁State ▁Bank ▁of ▁India , ▁Can ara ▁Bank ▁and ▁by ▁P un j ab ▁National ▁Bank . ▁ ▁Mut ual ▁funds ▁are ▁an ▁under - t apped ▁market ▁in ▁India ▁ ▁Despite ▁being ▁available ▁in ▁the ▁market ▁less ▁than ▁ 1 0 % ▁of ▁Indian ▁households ▁have ▁inv ested ▁in ▁mut ual ▁funds . ▁A ▁recent ▁report ▁on ▁Mut ual ▁Fund ▁In vest ments ▁in ▁India ▁published ▁by ▁research ▁and ▁analyt ics ▁firm , ▁Boston ▁Anal ytics , ▁suggests ▁invest ors ▁are ▁holding ▁back ▁from ▁putting ▁their ▁money ▁into ▁mut ual ▁funds ▁due ▁to ▁their ▁perce ived ▁high ▁risk ▁and ▁a ▁lack ▁of ▁information ▁on ▁how ▁mut ual ▁funds ▁work . ▁There ▁are ▁ 4 6 ▁Mut ual ▁Fund s ▁as ▁of ▁June ▁ 2 0 1 3 . ▁ ▁The ▁primary ▁reason ▁for ▁not ▁invest ing ▁appears ▁to ▁be ▁correl ated ▁with