UTI Mutual Fund today said it is set to open around 200 branches in the country by March next year.
"We have opened at UFC in Jammu to focus on service sector in Jammu and Kashmir, which has a great untapped potential. We hope to do very well in terms of business," Sinha told reporters here.
"Our distribution expansion is in line with our strategy of making our products and services easily accessible to our investors. It is our endeavour to enable investors across the country to share the benefits of growth of the Indian economy," Sinha said.
This fiscal UTI Mutual Fund proposes to further expand its distribution network from 97 UTI Financial centres to 200 centres covering around 422 districts," he said.
New UTI Financial Centre will cover Anantnag, Baramulla, Doda, Jammu, Kathua, Kupwara, Kargil, Ladakh, Poonch, Pulwama, Rajouri, Srinagar and Udhampur districts of J&K, he said.
UTI Mutual Fund is SEBI-registered, and its sponsors are State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India.
UTI Mutual Fund has assets under management (average) of Rs 46,947.32 crore and investor accounts of over 9.50 million under its 95 domestic schemes (as of August 31, 2008).
"We have opened at UFC in Jammu to focus on service sector in Jammu and Kashmir, which has a great untapped potential. We hope to do very well in terms of business," Sinha told reporters here.
"Our distribution expansion is in line with our strategy of making our products and services easily accessible to our investors. It is our endeavour to enable investors across the country to share the benefits of growth of the Indian economy," Sinha said.
This fiscal UTI Mutual Fund proposes to further expand its distribution network from 97 UTI Financial centres to 200 centres covering around 422 districts," he said.
New UTI Financial Centre will cover Anantnag, Baramulla, Doda, Jammu, Kathua, Kupwara, Kargil, Ladakh, Poonch, Pulwama, Rajouri, Srinagar and Udhampur districts of J&K, he said.
UTI Mutual Fund is SEBI-registered, and its sponsors are State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India.
UTI Mutual Fund has assets under management (average) of Rs 46,947.32 crore and investor accounts of over 9.50 million under its 95 domestic schemes (as of August 31, 2008).
Source: http://www.outlookindia.com/pti_news.asp?id=612888
