KARACHI: Investing in mutual funds offers benefits one cannot get from trading individual stocks, as one mutual fund can invest in many different securities at once, said business leaders.
KSE and PRIMUS Investment Limited (PIML) organized an Investor Education Event at a local hotel here on Tuesday, which was well attended by the members of Dhoraji association, Rangoon Wala community, car dealers and owners of shops at Khalid Bin Waleed Road. Key officials from SECP, CDC, NCCPL and KSE also participated in the event.
While speaking on the occasion, the CEO of PIML, Ahmed Ateeq said that investing in mutual funds offers benefits one cannot get from trading individual stocks, as one mutual fund can invest in many different securities at once. So if any one security does poorly, the others are there to help offset that risk. He spoke about creating a savings culture since the savings ratio of Pakistan is amongst the lowest in the world. He further mentioned that savings and investments were not only beneficial for individuals but could offer much needed push to the saving led growth in the economy.
He also emphasized on the fact that investors need to educate themselves about other investment avenues available in the market other than conventional deposit instruments. At this stage, he introduced the two upcoming funds of PIML namely PIML Islamic Money Market Fund and PIML Islamic Equity Fund which will cater to individuals and institutions seeking Shariah Compliant investment solutions.
Mentioning about the measures taken by CDC, Shariq Nasim, the AGM Product Development of CDC advised investors to subscribe to the CDC’s SMS facility to monitor the movement of shares from the CDC account. Mr. Imran Iqbal Panjwani, the Executive Director, SECP, Mr. Lukman, the CEO of NCCPL and Sani-e-Mehmood Khan, the GM—KSE also spoke on the occasion and briefed the participants on subjects such as personal financial planning, asset dedication and investment protection measures to safeguard their hard-earned saving.
At the end of the program, an open house discussion was held under the Chair of Imran Iqbal Panjwani, Ahmed Ateeq of PIML, Lukman of NCCPL and Shariq Naseem of CDC where they addressed the concerns of the investors and cleared the misconceptions about capital markets.
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