HDFC Mutual Fund inaugurates 24 new branches across India

HDFC Mutual Fund has inaugurated 24 new branches across 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 strategic establishment of branches at new locations is aimed to ensure participation of masses in India’s growth story through mutual funds, HDFC Mutual Fund said in a statement.

Presently, HDFC AMC operates through an extensive network of over 200 branches.

Navneet Munot, MD & CEO, HDFC AMC said, "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."

HDFC Asset Management Company Limited (HDFC AMC) is an Investment Manager to HDFC Mutual Fund. It was incorporated under the Companies Act, 1956, on December 10, 1999 and was approved to act as an Asset Management Company for HDFC Mutual Fund by Securities Exchange Board of India (SEBI) on July 3, 2000.