Tuesday, October 24, 2000
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UTI launches its first financial centre at Delhi 

Our Markets Bureau  
Mumbai, Oct 23: UTI launched its first Financial Centre on Monday. UTI chairman, Mr PS Subramanyam opened the UTI Financial Centre (UFC) at Preet Vihar, Local Shopping Complex, New Delhi. UFC will function as a one-stop destination designed to meet all the needs of the unitholders and investors in the territory it serves. The financial centre will give recommendation on investment in UTI schemes to the investors as per their needs, attend to all sales and post-sales service request under all the UTI schemes and give proper guidance to UTI agents.

UTI is planning to launch around 100 UFCs across the country by December, 2001. The mutual fund will be launching its second UFC in Mumbai on October 27 and the third in Calcutta on November 9. According to a press release of the UTI, UFC will also offer value-added services like instantaneous switching of investment from one scheme to another, single statement of account for all the investments made by a unitholder in a few months time, after centralised processing is operational.

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