HDFC Mutual Fund Elevates Accessibility: Unveils 24 New Branches in Strategic Expansion

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HDFC AMC's Strategic Expansion with 24 branches for Mutual Fund penetration in 2024

Mumbai, Jan 2, 2024 – HDFC Mutual Fund, one of India’s leading mutual fund houses, has initiated a strategic expansion by inaugurating 24 new branches across the country. The move is part of a focused initiative to enhance the penetration of mutual funds in India. The newly opened branches are 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.

This expansion underscores HDFC Mutual Fund’s commitment to being a widely accessible wealth creator in the country, aligning with its mission “To be the wealth creator for every Indian.” The strategic establishment of branches in these new locations aims to ensure the participation of the masses in India’s growth story through mutual funds. Currently, HDFC AMC operates through an extensive network of over 200 branches.

Mr. Navneet Munot, MD & CEO, HDFC AMC Ltd., expressed the institution’s mission, stating, “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, a wide array of offerings across asset classes, and catering to diverse financial goals, aims to provide investors viable investment solutions.”