UTI Asset Management Company (UTI AMC), a leading player in India’s asset management space, has announced the opening of a new UTI Financial Centre (UFC) in Raiganj, located on the first floor beside the SBI Main Branch on M G Road. This is part of a broader strategy to launch 19 new UFCs across South, East, and Northeast India by November 18, 2024.
The company’s expansion aims to enhance financial inclusion by reaching out to investors in B30 cities, which are typically underserved by traditional financial services. UTI AMC intends to bring mutual fund investments closer to these regions, encouraging broader participation in the country’s growing investment landscape.
Imtaiyazur Rahman, MD and CEO of UTI AMC, said, “Our new UFCs are designed to make our full range of offerings more accessible, especially in B30 cities where investor participation has been growing rapidly. This expansion is in line with our long-term vision to create greater awareness about mutual funds.” In Raiganj, the opening of this UFC is expected to empower local residents with better access to investment products and financial literacy, fostering a more financially inclusive community. UTI’s robust distribution network, including UFCs, mutual fund distributors, and bank partnerships, will play a crucial role in driving this initiative forward.
