Unit Trust of India (UTI) was bifurcated (into UTI-I and UTI-II) in: A. the year 2005 B. the year 2000 C. the year 2003 D. the year 2001

The correct answer is: C. the year 2003

Unit Trust of India (UTI) was a mutual fund established in India in 1964. It was the first mutual fund in India and the largest mutual fund in the world by assets under management at the time of its bifurcation.

UTI was bifurcated into two separate entities, UTI-I and UTI-II, in 2003. UTI-I was a closed-ended fund with a fixed maturity of 10 years, while UTI-II was an open-ended fund with no fixed maturity.

UTI-I was wound up in 2013, while UTI-II continues to operate as a mutual fund.

Here is a brief explanation of each option:

• Option A: The year 2005 is incorrect because UTI was not bifurcated in 2005.
• Option B: The year 2000 is incorrect because UTI was not bifurcated in 2000.
• Option C: The year 2003 is correct because UTI was bifurcated in 2003.
• Option D: The year 2001 is incorrect because UTI was not bifurcated in 2001.