UTI Asset Management Company (UTI AMC) has announced the opening of a new UTI Financial Centre (UFC) in Bettiah, Bihar, aiming to enhance financial inclusion in the region. The new centre, located at Supriya Cinema Road, Chawani, Mirza Tola, Near PNB, Bettiah, will be operational starting November 18, 2024. This move is part of UTI’s broader strategy to launch 19 new UFCs across South, East, and Northeast India, expanding its reach in untapped markets.
Mr. Imtaiyazur Rahman, MD and CEO of UTI, emphasized the company’s commitment to offering accessible financial services. “We are strategically opening new UFCs to bring our mutual fund offerings closer to investors, especially in B30 cities like Bettiah, which have shown remarkable growth in mutual fund participation in recent years,” Rahman said. UTI’s expansion aims to integrate more investors into the mainstream financial ecosystem.
Bettiah, known for its growing interest in financial products, is poised to benefit from this new initiative. Local residents are expected to gain better access to UTI’s diverse mutual fund offerings, helping drive greater financial awareness and inclusion in the region. Through its robust distribution network, UTI aims to make mutual fund investments more accessible to individuals across smaller cities and towns.
