JM Financial Mutual Fund Relocates And Inaugurates Its Branch In Pune.
Pune, 10th March 2023: JM Financial Mutual Fund announced the relocation of their branch in the city of Pune. The branch was inaugurated in the presences of Ms. Madhu Dubhashi, Independent Director – JM Financial Trustee Company Private Ltd. and Mr. Amitabh Mohanty, CEO and Mr. Seemant Shukla, CBO, JM Financial Asset Management Ltd accompanied with the august presences of Mr. Anil Salvi, Managing Director and Group Head Human Resource & CEO Real Estate Consulting Business also. The event was also graced by some of our esteemed key partners. The new address of the Branch is JM Financial Asset Management Ltd. Aditya Centeegra, Office no 13, 3rd Floor, Fergusson College Road, Shivaji Nagar, Pune
Commenting on the occasion, Mr. Amitabh Mohanty, CEO, JM Financial Asset Management Ltd said, “Pune is the second-largest city in the state of Maharashtra after Mumbai, and is an important city in terms of its economic and industrial growth. It has emerged as a new start up hub in recent years with information technology (IT), engineering and automotive companies sprouting. Pune is ranked as the seventh-largest metropolitan economy with a strong industrial base and has the sixth-highest income per capita in India.
JM Financial Asset Management Ltd is presently focusing on growing its market penetration and client portfolio further. The newly relocated office is at a prime location in Pune, an ideal location to engage with our key partners and clients. The city of Pune consists of a perfect blend of HNI’s, Retail and corporate clients making it a well-balanced market. Pune is an important city not only for JM Financial Asset Management Ltd but also for the entire JM Financial group. The JM Financial Group and all its adjoining verticals already has its significant presences in Pune, this branch will be a meaningful addition to the same. The new look office and a full fledge sales and servicing team will drive our growth, engagement and expansion. Our goal is to emerge as a partner of choice for our partners and an investment destination for our retail and institutional investors.”
Speaking at the occasion, Mr. Seemant Shukla, Chief Business Officer, JM Financial Asset Management Ltd said, “The relocation of our branch reinforces our commitment to Pune market and the adjoining regions. The AUM growth of Pune spurred up to ~₹1.54 lakh crores in January, 2023 from ₹97,172 crores in June, 2018 giving an overall growth of 63% in the total AUM making Pune the 4th ranked city amongst all other cities in the country AUMwise. The branch relocation, a part of the growth strategy, enables it to target broader market segments spread across cities in Ahmednagar, Aurangabad, Kolhapur and Satara.”