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 Gangtok, Sikkim, as part of its nationwide expansion. The new branch, located at C/O S.K. Enterprise, 1st Floor, Near NBBD College, Tadong Bazar, NH -10, East Sikkim, will officially open on December 26, 2024, alongside 15 other branches across South, East, and North India.
The move is part of UTI’s strategy to enhance financial inclusion and make mutual fund investments more accessible to investors in B30 cities and beyond. Mr. Imtaiyazur Rahman, MD and CEO of UTI AMC, emphasized the importance of bringing financial services closer to investors, saying, “The growth in participation of individual investors in mutual fund investments, especially in B30 cities, has been remarkable and very encouraging.”
The opening of the Gangtok UFC is expected to provide residents with better access to UTI’s diverse financial products and services, contributing to the financial empowerment of the region. In Gangtok, this new centre will likely stimulate interest in mutual funds, creating more investment opportunities for the local population and strengthening UTI’s foothold in Sikkim. The branch aims to serve as a bridge for individuals looking to explore and benefit from the growing mutual fund industry.