The Unit Trust of India (UTI) came into existence in

The correct answer is: A. 1960

The Unit Trust of India (UTI) was set up in 1960 as a public sector undertaking by the Government of India. It was the first mutual fund in India and is still the largest mutual fund in the country. UTI was instrumental in popularizing mutual funds in India and has played a major role in the development of the Indian capital markets.

The other options are incorrect because:

• Option B, 1964, is the year when the UTI launched its first scheme, the Unit Scheme 1964.
• Option C, 1968, is the year when the UTI launched its second scheme, the Unit Scheme 1968.
• Option D, 1972, is the year when the UTI launched its third scheme, the Unit Scheme 1972.