6 May 2022
JM Financial Mutual Fund has announced the relocation of its branch in Chandigarh. The new branch at Chandigarh Business Centre, Sec 22 was inaugurated by Seemant Shukla, Chief Business Officer, JM Financial Asset Management Ltd. Later Seemant Shukla along with senior company officials of JM Financial Asset Management – Atul Sharma, Cluster Head and Jitesh Sood, North Head addressed the media at Hotel Hometel.
Shukla said that the new branch marks the next phase of growth for JM Financial Mutual Fund which aims to serve the growing financial investment needs of the investors across Chandigarh, Mohali, Panchkula and the northern region. “Chandigarh being the twin capital of Punjab and Haryana, offers the company strategic access and outreach to the HNI segment, ” added Seemant.
While sharing his views on investment options, Seemant Shukla, Chief Business Officer JM Financial Asset Management Ltd said, “SIP’s – Systematic Investment Plans are a good investment option in the current market scenario. Even market volatility turns in one’s favour when one invests in SIP’s. SIP’s gives one an advantage of rupee cost averaging which means a fixed amount of money is invested at regular intervals irrespective of whether the markets are going high or low.”
Seemant shared some interesting figures about the growth of Assets Under Management (AUM) in Chandigarh. In 2017, AUM in Chandigarh was to the tune of Rs. 10-12 Crores, whereas in 2022 this increased to Rs. 18-20 Crores, which shows significant growth. There has been a good level of equity growth within this. While in 2017 equity formed Rs. 5-6 Crores of the entire AUM, in 2022, the same is to the tune of Rs 13-14 Crores.
“We find that Chandigarh is a market-driven by high net worth individuals (HNIs’) and we have planned to tap this lucrative segment,” added Shukla.
JM Financial Asset Management Ltd is presently focusing on further growing its market penetration and client portfolio. The branch relocation is a part of that growth strategy and enables it to target broader market segments spread across the industrial hub of Ludhiana and service class cities like Ambala and Jalandhar.
Speaking at the occasion, Seemant Shukla, Chief Business Officer, JM Financial Asset Management Ltd said further, “The relocation of our Chandigarh branch reinforces our commitment to provide Asset Management services in this region. The new premises will help us cater to the potential markets and in future, we look forward to expanding further into the northern market, Lucknow branch being next in the pipeline.”