by Suman Gupta
Mumbai, [Jan 2, 2024] – HDFC Mutual Fund, one of India’s leading mutual fund houses has inaugurated 24 new branches across India. This is a strategic expansion initiative aimed at increasing penetration of mutual funds in India. These new branches will be opened at Angul, Coochbehar, Hazaribagh, Kharghar, Renukoot, Raebareilly, Balia, Muzaffarnagar, Firozabad, Chhindwara, Satna, Palanpur, Bardoli, Ratnagiri, Latur, Alappuzha, Thiruvalla, Vijaypura, Thoothukudi, Greater Noida, Solan, Dwarka, Sonepat and Sirsa. The unveiling of new branches positions HDFC Mutual Fund as one of the most accessible wealth creators in the country. This expansion underscores the company’s mission ‘To be the wealth creator for every Indian’.
HDFC AMC’s initiative highlights its unwavering dedication to extend financial opportunities to investors across the length and breadth of the country, aligning seamlessly with SEBI’s broader objective of financial inclusivity. The strategic establishment of branches at new locations is aimed to ensure participation of masses in India’s growth story through mutual funds. Presently, HDFC AMC operates through an extensive network of over 200 branches.
Mr. Navneet Munot, MD & CEO, HDFC AMC Ltd. spoke on the occasion, “Our mission at HDFC Mutual Fund is to become the wealth creator for every Indian. This expansion of our branch network aims to make mutual funds more accessible across the length and breadth of our vast country. We want to enable masses to participate in India’s growth story and HDFC Mutual Fund, with a time-tested investment philosophy, wide array of offerings across asset classes and catering to diverse financial goals aims to provide investors viable investment solutions.”
About HDFC AMC : HDFC Asset Management Company Limited (HDFC AMC) is an Investment Manager to HDFC Mutual Fund, one of the largest mutual funds in the country. It was incorporated under the Companies Act, 1956, on 10th December 1999 and was approved to act as an Asset Management Company for HDFC Mutual Fund by SEBI on 3rd July 2000. It has other SEBI licenses viz. PMS / AIF. HDFC AMC manages a diversified asset class mix across Equity, Hybrid and Fixed Income. It also has a countrywide network of 252 branches along with a diversified distribution network comprising Banks, Mutual Fund Distributors and National Distributors.
