MUMBAI: HDFC Mutual Fund, one of India’s leading mutual fund houses, has announced the opening of 24 new branches across India. The strategic expansion initiative aims to increase the penetration of mutual funds in India and reinforce the company’s commitment to financial inclusivity. The new branches will be located in 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 expansion of HDFC Mutual Fund‘s branch network positions the company as one of the most accessible wealth creators in the country. The move underscores the company’s mission to be the wealth creator for every Indian and highlights its unwavering dedication to extending financial opportunities to investors across the length and breadth of the country, aligning seamlessly with SEBI’s broader objective of financial inclusivity.
HDFC AMC’s initiative aims to ensure the participation of the masses in India’s growth story through mutual funds. Presently, HDFC AMC operates through an extensive network of over 200 branches. The strategic establishment of branches at new locations is aimed at making mutual funds more accessible across the length and breadth of the vast country.
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 the 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.“
HDFC Asset Management Company Limited (HDFC AMC) is an Investment Manager for HDFC Mutual Fund, one of the largest mutual funds in the country. It 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.
HDFC Mutual Fund‘s expansion with 24 new branches across India is a strategic move aimed at increasing the penetration of mutual funds in India and reinforcing the company’s commitment to financial inclusivity. The move positions HDFC Mutual Fund as one of the most accessible wealth creators in the country, aligning seamlessly with SEBI’s broader objective of financial inclusivity.