Tata Mutual Fund has crossed the landmark of Rs50,000 crore Assets Under Management (AUM) as on September 18, 2017. This is a significant milestone for the fund house in its quest to be the preferred fund house for lakhs of investors who can find their desired investment solutions here starting from education of a child right up to the suitable retirement savings vehicle.
Speaking on the occasion, FN Subedar, chairman, Tata Asset Management, congratulated the team and said, “We believe that consistent fund performance, a robust risk management framework and the strong desire to always delight our customers have led to this growth. We have received support from a vast section of investors across the country and an especially heartwarming response from the family of Tata employees across various companies. Our team is looking at this event as one of the first stepping stones in the journey towards profitably growing to a leadership position backed by unflinching customer loyalty and delight.”
Tata Mutual Fund offers a wide array of mutual fund products across the risk-reward spectrum for every financial need at various life stages and also offers portfolio management services and offshore advisory services. It currently has 72 branches across the country, with an investor base of over 1.2 million and a unique call centre service where a human voice picks up the investor call rather than an impersonal machine activated human script.