ISLAMABAD: To facilitate growth in mutual funds industry, the Securities and Exchange Commission of Pakistan (SECP) has prescribed the regulatory framework for Fixed Rate Mutual Fund through Circular No 3 of 2022. The new category will contribute towards expanding investor base, lead to availability of a low-cost investment product with a low risk factor. A fixed-rate mutual fund focuses on investments that typically pay a set and stable rate of return, such as government bonds, money market placements, certificate of deposits etc. It designed to generate stable returns for passing the investors/unitholder, thus ensuring competitive return on their investments as compared to other fixed-return products. Our Correspondent
