Business EconomyPosted at: Oct 23 2026 4:51PM


Union Mutual Fund reinforces TN commitment with Chennai branch launch

Chennai, Oct 23 (UNI) union Mutual Fund (Union MF), sponsored by union Bank of India and Daiichi Life Group, Inc., on Friday inaugurated its branch office in Chennai, reinforcing its commitment to investors and distribution 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.
Rajkamal Tiwari, CEO, union Asset Management Company Private Limited, said: "Tamil Nadu has long been an important market for the mutual fund industry, supported by a strong culture of financial discipline and a steadily growing investor base. The Chennai branch reflects our continued commitment to strengthening 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-term 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", he said.
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 Rs.4.07 lakh crore as of September 2026. Chennai remains a key contributor to this growth, accounting for industry AUM of approximately Rs.2.95 lakh crore as of September 2026, reflecting the city's significance in the state's mutual fund landscape.
Union Mutual Fund has also strengthened its presence in the market. The fund house's assets under management in Chennai increased from approximately Rs.683 crore in March 2025 to Rs.886 crore in September 2026, representing a growth of nearly 30% during the period. Across Tamil Nadu, union Mutual Fund manages assets of approximately Rs.1,192 crore, underscoring the importance of the state within its regional footprint.
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see more..