UTI Asset Management Company (UTI AMC) has unveiled its new UTI Financial Centre (UFC) in Begusarai, Bihar, located at Radha Krishna Market, Patel Chowk. This new centre is part of UTI AMC’s ongoing expansion, with 19 UFCs set to open across South, East, and Northeast India on November 18, 2024. The initiative underscores UTI’s commitment to enhancing financial inclusion and extending its reach to investors in smaller cities and towns.
UTI aims to foster mutual fund investments in B30 cities, bringing investors into the mainstream financial ecosystem. “The growth in participation of individual investors in mutual fund investments, especially in B30 cities, has been remarkable. This expansion is in line with our long-term vision of making mutual fund investments accessible to all,” said Mr. Imtaiyazur Rahman, Managing Director and CEO of UTI AMC.
In Begusarai, the launch of this UFC presents a significant opportunity. With a growing middle-class population and increasing awareness of financial products, Begusarai is emerging as a key market for mutual fund investments. This centre will provide local investors with easy access to UTI’s range of financial products and services, driving financial literacy and investment growth in the region.
