Chennai, 24 Oct 2026: Union Mutual Fund (Union MF), sponsored by Union Bank of India and Daiichi Life Group, Inc., has inaugurated its branch office in Chennai, reinforcing its commitment to investors and distri bution partners across Tamil Nadu. The branch will serve as an important touchpoint for investors and distributors in the region, supporting Union Mutual Fund's efforts to enhance engagement, accessibility and service delivery.
Commenting on the development, Mr. Rajkamal Tiwari, CEO, Union Asset Management Com pany Private Limited, said: "Tamil Nadu has long been an important market for the mutual fund industry, suppor ted by a strong culture of financial discipline and a steadily growing investor base. The Chennai branch reflects our continued commitment to streng thening our presence in the region and building deeper relationships with investors and distribution partners.
As more investors embrace mutual funds as part of their long-t erm financial planning, accessibility and engagement become increasingly important. We look forward to supporting investors across the region and helping them pursue their financial goals through a disciplined investment approach."
Tamil Nadu continues to be an important market for the mutual fund industry, with industry assets under management (AUM) in the state standing at approximately ₹4.07 lakh crore as of September 2026. Chennai remains a key contributor to this growth, accounting for industry AUM of approximately ₹2.95 lakh crore as of September 2026, reflecting the city's significance in the state's mutual fund landscape.