JM Financial Asset Management Ltd announces the launch of its branch in Indore, Madhya Pradesh

Indore, December 6th, 2023: JM Financial Asset Management Ltd has announced the launch of its branch in the city of Indore. The branch was inaugurated by Mr. Seemant Shukla, Chief Business Officer at JM Financial Asset Management Ltd, along with Gopal Suchak, Zonal Head -West, Tejas Joshi, Regional Head – Gujarat & MP and Nilesh Bendre, Cluster Head – Indore.

Indore, positioned as a bustling commercial center in Central India, has become synonymous with exceptional growth potential in recent years. Beyond its economic achievements, the city has set an exemplary standard for cleanliness, securing the prestigious title of the cleanest city for the sixth consecutive time.

Speaking during the occasion, Seemant Shukla, Chief Business Officer, JM Financial Asset Management Ltd, said, “Over the past decade, Indore, Madhya Pradesh, has witnessed a phenomenal surge in Mutual Fund investments, marking a remarkable 9-fold increase, surpassing the industry growth rate of 6.5%. This impressive growth in financial investments is complemented by Madhya Pradesh’s extraordinary economic progress, showcasing a staggering 212% rise in per capita income (in Absolute Terms), positioning the state among the country’s top-rated regions. We are delighted to announce the inauguration of our JM Financial Asset Management Ltd.’s first branch in Central India. This strategic move aims to provide convenient and local access for our Mutual Fund Distributors (MFDs) and partners, enabling them to offer JM Financial Mutual Fund’s products to their clients with local branch support more effectively.
“In the recent past from this market, we have received encouraging engagement and empanelled good numbers of MFDs and partners across Madhya Pradesh.”

“Our presence in Indore not only reflects our commitment to expanding our reach but also signifies our confidence in Madhya Pradesh as a state with potential for financial growth with Indore as an epicentre. We look forward to fostering strong partnerships and contributing to the financial prosperity of Indore and the broader Central India region.”

The address of the Branch is:
JM Financial Asset Management Ltd.
Gold Arcade, Office No. 207,
3 New Palasia, Street No 1,
Indore – 452001.