UTI Mutual Fund opens 33 New Financial Centres

UTI Asset Management Company (UTI AMC), one of India's leading Mutual Fund companies, announces the opening of 33 UFCs taking the total branch network to 256.

The company has announced the opening on 20th January 2025, as part of its focused expansion to strengthen distribution and investor access across the country. This expansion is aimed at improving the accessibility and helping investors make informed financial decisions. This proliferation of offices is a key step in UTI AMC's ongoing efforts in building deeper connections with investors across the country and foster a more inclusive investment culture.

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 longterm vision of enhancing awareness and making mutual fund investments accessible to a wider audience across the country."

The 33 new UFCs are strategically located across North and West India, making services more accessible to customers in these regions. In Northern India, branches are being opened at Mandi & Solan in Himachal Pradesh; Rewari, Bhiwani, Kurukshetra, Yamuna Nagar in Haryana; Chittorgarh in Rajasthan; Muzaffarnagar, Jaunpur, Faizabad, Basti, Ballia, Raebareli and Firozabad in Uttar Pradesh; Chhindwara, Satna, Khandwa and Shivpuri in Madhya Pradesh; and Raigarh in Chhattisgarh. In Western India, centers are being inaugurated in Latur and Ratnagiri in Maharashtra; Himmatnagar, Godhra, Palanpur, Bardoli in Gujarat; Surendranagar, Amreli and Porbandar in Saurashtra; and Buldana, Gondia, Wardha, Yavatmal and Bhusawal in Vidarbha.

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

Shares of UTI Asset Management Company Limited was last trading in BSE at Rs. 1251.10 as compared to the previous close of Rs. 1215.60. The total number of shares traded during the day was 2786 in over 379 trades.

The stock hit an intraday high of Rs. 1257.00 and intraday low of 1215.00. The net turnover during the day was Rs. 3448190.00.

Source : Equity Bulls

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UTIAssetManagementCompany INE094J01016 UTIAMC NewFinancialCentres