The total branch network reaches 223
FinTech BizNews Service
Mumbai, 26 December, 2024: UTI Asset Management Company (UTI AMC), one of India's leading Mutual Fund companies, opened 16 new UTI Financial Centres (UFC) on 26th December 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 bring our full range of offerings closer to our customers, ensuring seamless access to our services. The increasing participation of individual investors in mutual funds, particularly from B30 cities, has been truly remarkable and inspiring over the past few years. This expansion reflects our commitment to our long-term vision of enhancing awareness and making mutual fund investments accessible to a wider audience across the country.”
The 16 new UFCs are strategically located across North, South and East India, making services more accessible to customers in these regions. In Northern India, branches are being opened at Sangrur and Moga in Punjab; Kangra in Himachal Pradesh; Sirsa in Haryana; Bharatpur in Rajasthan; and Etawah in Uttar Pradesh. In Southern India, centers are being inaugurated in Kakinada, Vizianagaram, Srikakulam and Ongole in Andhra Pradesh; Hassan, Tumkur and Karwar in Karnataka; Thoothukudi and Nagercoil in Tamil Nadu. In the East, the Company is setting up a branch in Gangtok in Sikkim.
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.
