UTI Asset Management Company (UTI AMC), one of India’s leading asset management firms, is set to open a new UTI Financial Centre (UFC) in Birbhum, West Bengal. Located at Pankajini Lodge, Ground Floor, Shantiniketan Road, Bhubandanga, Bolpur, this centre will be part of a broader initiative to open 19 new UFCs across South, East, and Northeast India on November 18, 2024.
The move is aimed at enhancing financial inclusion and offering greater accessibility to mutual fund investments, particularly in smaller cities and towns. UTI aims to bring investors from B30 cities into the mainstream financial ecosystem, thus promoting wider participation in the country’s growing mutual fund market.
Mr. Imtaiyazur Rahman, Managing Director and CEO of UTI AMC, emphasized, “We are strategically opening new UTI Financial Centers to ensure seamless access to the full range of our offerings in a 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.” In Birbhum, this new centre aims to cater to local investors, offering them the opportunity to invest in mutual funds with ease. The financial centre will help create awareness, empower individuals with financial knowledge, and foster a more inclusive investment landscape in the region.