UTI AMC’s bold expansion: 29 new financial centers to open nationwide

In a momentous stride, UTI Asset Management Company (UTI AMC), a leading player in India’s asset management landscape, has unveiled plans to establish 29 new Financial Centers, significantly amplifying its distribution network. Mark your calendars for the grand inauguration on Friday, 29 September 2023, as these centers emerge simultaneously across the nation. This strategic initiative underscores UTI AMC’s unwavering dedication to enhancing financial services accessibility for investors, fortifying its position as a prominent player in India’s financial industry.

Bringing Financial Services Closer to You

Imtaiyazur Rahman, MD and CEO of UTI AMC, emphasized, “Our continuous expansion across the country is aimed at bringing us closer to our investors and seamlessly delivering our comprehensive offerings. We see immense growth potential in emerging non-metro cities, where individuals are eager to invest. Our goal is to enhance their understanding of mutual fund investments and provide easier access to our products in these regions. The addition of 29 new financial centers aligns perfectly with our vision to simplify financial services and make them accessible to everyone.”

Geographic Reach: East to West, North to South

The 29 new UFCs are strategically scattered across the Eastern, Northern, Southern, and Western regions of India. In the East, UTI AMC is opening 8 centers in cities such as BiharSharif and Ara in Bihar, Nagaon in Assam, Puri and Angul in Odisha, Deoghar in Jharkhand, and Bankura and Jalpaiguri in West Bengal. Heading North, a new UFC graces Hisar in Haryana. To the South, 9 fresh centers will serve Anantapur and Kurnool in Andhra Pradesh, Karimnagar and Khammam in Telangana, Udupi in Karnataka, and Malappuram, Palakkad, Kannur, and Alappuzha in Kerala, along with Erode in Tamil Nadu. Meanwhile, Western India welcomes 10 new UFCs, reaching locations like Korba in Chhattisgarh, Sagar and Ujjain in Madhya Pradesh, Chandrapur, Nanded, Ahmednagar, Satara, Dhule, and Sangli in Maharashtra, and Gandhidham in Gujarat.

A Commitment to Accessibility

UTI Mutual Fund is unwavering in its commitment to connect with investors through its expansive distribution network, comprising Financial Centers (UFCs), Business Development Associates, Mutual Fund Distributors (MFD), and strategic partnerships with banks. This expansion paves the way for easier access to financial services and mutual fund investments, bringing UTI AMC closer to its investors’ financial goals.