October 16, 2024: As of September 2024 (latest available), Tata Asset Management Average Assets Under Management (AAUM) in Siliguri have reached about INR 290 crore, showing a 48% 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, Shop No. 10, 1st Floor, Block-C, Shelcon Plaza, Kartar Market, Sevoke Road, Siliguri, Darjeeling – 734001. It will be open from 9 AM to 5:30 PM, Monday to Saturday.
The new Siliguri 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.
Hemant Kumar, Chief Business Officer at Tata Asset Management, expressed excitement about the new branch in Siliguri, stating, "We are delighted to expand our presence in a city with significant growth prospects. This strategic move reinforces our dedication to providing communities in the region with accessible wealth-building opportunities and improved financial literacy."
According to AMFI data, as of September 2024 (latest available), the average AUM of investors from West Bengal stood at INR 3,45,118 crore, with a growth rate of 29% over the past 2 years.
With the new Siliguri branch, Tata Mutual Fund now has over 08 branches and regional representatives in West Bengal. Nationally, the company has a network of 100 branches.
