August 19, 2024: As of July 2024, the Tata Asset Management Average Assets Under Management (AAUM) in Vashi have reached about INR 614 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 Mr. Hemant Kumar, CBO, Tata Asset Management. It is located at Tata Asset Management Pvt Ltd, Shop No. S-16, Vardhaman Chambers, Plot No. 84, Sector -17, Vashi, Navi Mumbai. It will be open from 9 AM to 5:30 PM, Monday to Saturday.
The new Vashi 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, said, “We are thrilled to extend out footprint in Vashi, a city with great growth potential. This strategic expansion underscores our unwavering commitment to empowering communities across the region with accessible wealth creation opportunities and enhanced financial literacy."
According to AMFI data, as of July 2024 (latest available), the average AUM of investors from Maharashtra stood at INR 26,35,215 crore, with a growth rate of 29% over the past two years.
With the new Vashi branch, Tata Mutual Fund now has over 16 branches in Mumbai and the rest of Maharashtra. Nationally, the company has a network of 100 branches.
