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.”
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