Investing in mutual funds has become easier, investment limits have also been increased

SECP has good news for small investors. Now it has become easier than ever to open instant digital accounts with Asset Management companies and investment limits have also been increased.

The investment limit of Sahal accounts has been increased from Rs 2 lakh to Rs 1 million and the limit of Sahulat accounts has been increased from Rs 1 million to Rs 3 million.

The biggest convenience is that those who are already registered with a bank or financial institution will no longer need to re-submit KYC documents. The process of opening an online account through biometric verification has also been made easier.

SECP Chairman Dr. Kabir Siddhu said that the aim of these reforms is to take the number of investors in Pakistan to 2.5 million so that more people can benefit from the Capital Market and become a part of the country’s economic development. This step is also important in that a large number of people in Pakistan are still outside the bank account or investment and such reforms can help them become part of the financial system.