UTI Asset Management Company (UTI AMC), one of India’s leading asset management firms, has announced the opening of its new UTI Financial Centre (UFC) in Raiganj, West Bengal. The centre, located on the first floor beside the SBI Main Branch on M G Road, aims to foster greater financial inclusion in the region.
This launch is part of UTI AMC’s broader initiative to open 19 new UFCs across South, East, and Northeast India, scheduled for November 18, 2024. The company seeks to strengthen its presence in Tier-II and Tier-III cities, commonly referred to as B30 cities, with the goal of integrating more investors from these areas into the mainstream financial ecosystem through mutual fund investments.
Mr. Imtaiyazur Rahman, MD and CEO of UTI AMC, commented, “Our strategic expansion into B30 cities reflects our commitment to increasing financial accessibility. The impressive rise in mutual fund participation in these cities underscores the growing awareness and demand for investment options.” In Raiganj, this initiative is expected to provide local residents with easier access to financial services, driving further investment opportunities and helping to educate potential investors about the benefits of mutual fund investments. UTI’s extensive distribution network, including UFCs and strategic bank partnerships, will support this effort in empowering local investors.