Dehradun, June 13, 2024: As of April 2024, the industry Average Assets Under Management (AAUM) in Dehradun had reached about INR 663.82 crore, showing a 56% growth rate over the last year. This includes investments in equities, debt, balanced funds, and ETFs (including cash).
The branch has been inaugurated by Hemant Kumar. It is located at Tata Asset Management Pvt. Ltd. Doon One Complex, First Floor, New Cantt Road, Salawala Chowk, Dehradun - 248001, and will be open from 9 a.m. to 5:30 p.m., Monday to Saturday.
The new Dehradun branch will be a centre for individuals, families, and businesses seeking expert advice on wealth management and investment planning. With a comprehensive range of mutual fund products and services, Tata Mutual Fund aims to empower investors to achieve their financial goals with confidence and clarity.
On the branch opening, Hemant Kumar, Business Head, Retail, Tata Asset Management, said, "We are excited to be in Dehradun, a city with great growth potential. This expansion supports our goal to make wealth creation accessible and to promote financial literacy in various communities."
According to AMFI data, as of April 2024, the average AUM of investors from Uttarakhand stood at INR 26218.78 crore, with a growth rate of 74% over the past two years.
With the new Dehradun branch, Tata Mutual Fund now has nine branches in its north-east zone. Nationally, the company has a network of 100 branches across India.
