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Monday, August 8, 2022

Pakistan’s first Digital Mutual Fund Aggregator launched - BOL News

Last updated Friday, August 5, 2022 09:04 ET , Source: TopWireNews

Emlaak Financials is the first digital aggregator platform for mutual funds in Pakistan.
The online investing portal has now released the full-fledged account opening feature.
It enables investors to access a variety of funds from various AMCs through a single platform.
Emlaak Financials, the first digital aggregator platform for mutual funds, was formally launched by Finance Minister Miftah Ismail on Friday at the Central Depository Company (CDC) House in Karachi.
Initially used as a digital distribution channel for mutual funds, this technology has since been successfully used to other asset classes as well.
After launching the Emlaak pilot project in 2021 to allow Sahulat accounts to be opened through the platform, CDC has remained true to its promise to work with the mutual fund sector to improve the platform.
This online investing portal, the first of its type in Pakistan, has now released the full-fledged account opening feature, enabling investors to access a variety of funds from various asset management companies (AMCs) through a single platform.
Speaking at the event, the minister said, “Emlaak Financials is a very significant and timely initiative by SECP (Securities and Exchange Commission of Pakistan), and very successfully performed by CDC. It has been deployed as a digital aggregator of mutual funds.”
“It is crucial for the health of our economy that we implement such cutting-edge ideas that will advance Pakistan’s investment culture and offer investors a...



Read Full Story: https://www.bolnews.com/business/2022/08/pakistans-first-digital-mutual-fund-aggregator-launched/

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