UTI Mutual Fund expands with 19 new Financial Centres across South and East of India

Imran Khan

5 days ago

The total branch network reaches 209

UTI Asset Management Company (UTI AMC), one of India's leading Mutual Fund companies, opened 19 new UTI Financial Centres (UFC) on 18^th November 2024. The Company aims to further deepen its reach across the length and breadth of the country to foster financial inclusion and bring investors from smaller towns and beyond into the mainstream financial ecosystem through mutual fund investments.

Mr. Imtaiyazur Rahman, MD and CEO, stated, “We are strategically opening new UTI Financial Centers to ensure seamless access to the full range of our offerings in a closer proximity. The growth in participation of individual investors in mutual fund investments in the last few years, especially in B30 cities, has been remarkable and very encouraging. Our expansion drive is aligned with our long-term vision to create awareness and make mutual fund investments available to all.”

The 19 new UFCs are strategically located across South, East and Northeast regions, making services more accessible to customers in these regions. In Eastern India, 11 centers are being inaugurated, covering Begusarai and Bettiah in Bihar; Hazaribag in Jharkhand; Bhadrak, Keonjhar, and Mayurbhanj in Odisha; and Birbhum, Cooch Behar, Haldia, Krishnanagar, and Raiganj in West Bengal. New centers have also been opened in Aizawl in Mizoram and Dibrugarh in Assam, strengthening our network in the Northeastern regions. Additionally, 6 centers in the Southern part of India, including Kasaragod in Kerala, Kumbakonam, Dindigul, Thanjavur, and Namakkal in Tamil Nadu; and Nizamabad in Telangana are also being inaugurated.

These locations were selected to ensure that residents in underserved areas can benefit from streamlined services, quicker resolutions, and dedicated support. This expansion reflects our commitment to delivering localised, efficient services, while fostering economic growth and creating new job opportunities.

With advanced facilities and trained professionals, these centers are well-prepared to provide seamless support, ensuring a superior customer experience across each location.

UTI Mutual Fund remains dedicated to reaching its investors through a robust distribution network that includes Financial Centers (UFCs), Business Development Associates, Mutual Fund Distributors (MFDs), and strategic partnerships with banks.