SECP urges for increasing retail penetration of mutual funds

ISLAMBAD, October 4: The Securities and Exchange Commission of Pakistan (SECP) has impressed upon the Mutual Funds Association of Pakistan (MUFAP) to focus on increasing the retail penetration of mutual funds. In a meeting with the MUFAP representatives, the SECP chairman, Zafar Hijazi, pointed out that participation of retail investors in the mutual funds industry constitutes a relatively small proportion and almost 66% of total AUMs are held by corporates and other institutions.