UTI Mutual Fund is all set to open around 200 branches across the country by March, next fiscal.

The company aims to further expand its distribution network from 97 UTI Financial centers to 200 centers covering around 422 districts.

According to the company, it will open new UTI Financial Centre in Anantnag, Baramulla, Doda, Jammu, Kathua, Kupwara, Kargil, Ladakh, Poonch, Pulwama, Rajouri, Srinagar and Udhampur, to focus on service sector in Jammu and Kashmir.

The latest move is in line with company's strategy of making its products and services easily accessible to its clients.

UTI Mutual Fund is a SEBI registered mutual fund whose sponsors are State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India.

UTI Mutual Fund has assets under management of Rs 46,947.32 crore under its 95 domestic plans as of August 31, 2008.