HDFC Mutual Fund opens 24 new branches to bolster Mutual Fund penetration
Mumbai: HDFC Mutual Fund has opened 24 new branches across India as a strategic expansion initiative aimed at increasing penetration of mutual funds in India, a press release said on Thursday.
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,’” the company said.
The strategic establishment of branches at new locations is aimed at ensuring the participation of the masses in India’s growth story through mutual funds, the company added.
Presently, HDFC AMC operates through a network of over 200 branches,
HDFC AMC MD & CEO Navneet Munot said, “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, a wide array of offerings across asset classes and catering to diverse financial goals aims to provide investors viable investment solutions.”
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Kenyan Navy Commander Paul Owuor Otieno meets Indian COAS Upendra Dwivedi, discusses defence ties
‘Tariff is my favourite word,’ Trump says in trade policy defense
TVK leader booked for social media post urging ‘Gen Z revolution’ after Karur tragedy
PoK protests: Agitation escalates as civilians toss containers into river, clash with Pakistani forces
