Technical Note
A NOTE ON MUTUAL FUNDS IN PAKISTAN
INDUSTRY :FINANCIAL INSTRUMENTS
AREA :FINANCE
ORGANIZATION :-
LENGTH :24
LUMS No :02-580-98-2
PUBLICATION YEAR : 1998
ABSTRACT:
Capital markets play a vital role in the economic development of a country. It is now widely accepted that there is a direct correlation between economic growth and the development of the financial sector. Mutual funds are considered to be an important source of injecting liquidity into the capital markets. A well established financial intermediation system facilitates the economic activity by mobilizing domestic as well as foreign savings. This note explains the concept of mutual funds and the economic benefits conferred by such intermediaries. It also presents an overview of the mutual fund sector in Pakistan.