The Business Bytes
Mumbai, November 18, 2024 (TBB Bureau): UTI Asset Management Company (UTI AMC), a pioneer in India’s mutual fund industry, has announced the inauguration of three new UTI Financial Centres (UFCs) in Odisha, located in Mayurbhanj, Kendujhar, and Bhadrak. These centres are part of UTI’s strategic plan to enhance its presence in underserved regions and bring financial solutions closer to investors in B30 cities and beyond.
The newly opened UFCs are situated at:
- 1st Floor, Prasanti Building, Ward No.5, Lalbazar, Baripada, Mayurbhanj, Odisha – 757001
- 1st Floor, Singh Market Complex, Sirazuddin Square, Kendujhar, Odisha – 758001
- 1st Floor, Hotel City Residency Complex, Naripur, Bonth Chhak, Near Old Bus Stand, Bhadrak, Odisha – 756100
These locations, along with 16 additional centres launched across South, East, and Northeast India, mark UTI’s commitment to financial inclusion.
Imtaiyazur Rahman, MD and CEO of UTI AMC, emphasized the significance of the expansion: “We are strategically opening new UTI Financial Centres to ensure seamless access to the full range of our offerings in 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.”
UTI AMC’s comprehensive distribution network comprises UFCs, Business Development Associates, Mutual Fund Distributors (MFDs), and partnerships with leading banks, ensuring diverse and accessible financial solutions.
This initiative reinforces UTI’s unwavering dedication to fostering a financially empowered India. By reaching deeper into the heartland, UTI Mutual Fund continues to pave the way for greater financial literacy and inclusion, offering robust investment opportunities for individuals from all walks of life.
