UTI Asset Management Company (UTI AMC), one of India’s top asset management firms, is set to open a new UTI Financial Centre (UFC) in Bettiah, Bihar, as part of its expansion strategy. The centre, located at Supriya Cinema Road, Chawani, Mirza Tola, Near PNB, Bettiah, will commence operations on November 18, 2024. This opening is part of UTI’s plan to launch 19 new UFCs across South, East, and Northeast India, aiming to boost financial inclusion and bring mutual fund investments to smaller cities.
Mr. Imtaiyazur Rahman, MD and CEO of UTI, highlighted the company’s strategic approach: “By opening these new UFCs, we aim to make our full range of offerings easily accessible, particularly in B30 cities where investor participation has seen encouraging growth.” He further added that the expansion aligns with UTI’s long-term vision to create awareness and promote mutual fund investments nationwide.
Bettiah, with its growing appetite for financial services, presents a significant opportunity for UTI. The local population is increasingly seeking investment options, and the new UFC will provide much-needed access to financial products. This move is expected to enhance investor education and make mutual fund investments more widely available in the region, contributing to greater financial inclusion.
