UTI Mutual Fund to open 29 new Financial Centres on 29 September

UTI Asset Management Company (UTI AMC), one of the largest asset managers in the country, has announced a significant expansion in its distribution reach with the launch of 29 new Financial Centers. These offices will be inaugurated at the same time on Friday, 29 September, 2023 across all locations. This strategic move reflects UTI AMC's commitment to providing better financial services and accessibility to investors, further strengthening our presence in the financial industry across India.

Mr. Imtaiyazur Rahman, MD and CEO stated, "We are constantly stepping up our network across the country with an aim to be closer to our investors and provide our comprehensive offerings seamlessly. There is immense growth potential in upcoming non-metro cities where people are willing to invest. We endeavour to develop their understanding on mutual fund investments and provide better accessibility to our products in these cities. The expansion of our financial centres with these 29 new offices aligns with our vision to simplify financial services and make them accessible to everyone."

The 29 new UFCs are spread across the East, North, South, and West zones. Towards Eastern India, 8 centres are being opened covering BiharSharif and Ara in Bihar, Nagaon in Assam, Puri and Angul in Odisha, Deoghar in Jharkhand, Bankura and Jalpaiguri in West Bengal. In the Northern part, UFC is being opened in Hisar in Haryana. Towards South, 9 new centres are being inaugurated spanning Anantapur and Kurnool in Andhra Pradesh, Karimnagar and Khammam in Telangana, Udupi in Karnataka, Malappuram, Palakkad, Kannur and Alappuzha in Kerala and Erode in Tamil Nadu. 10 new UFCs in Western India are being inaugurated in Korba in Chhattisgarh, Sagar and Ujjain in Madhya Pradesh, Chandrapur, Nanded, Ahmednagar, Satara, Dhule and Sangli in Maharashtra and Gandhidham in Gujarat.

UTI Mutual Fund always endeavours to reach out to its investors through its distribution network, comprising Financial Centers (UFCs), Business Development Associates, Mutual Fund Distributors (MFD) and through tie-ups with Banks.

Shares of UTI Asset Management Company Limited was last trading in BSE at Rs. 789.00 as compared to the previous close of Rs. 781.70. The total number of shares traded during the day was 5633 in over 714 trades.

The stock hit an intraday high of Rs. 791.05 and intraday low of 777.70. The net turnover during the day was Rs. 4426352.00.

Source : Equity Bulls

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UTIAssetManagementCompany INE094J01016 UTIAMC FinancialCenters