Recently UBL Fund Managers organized a blogger meet up in collaboration with Xenith PR, where the team discussed about its investment plan for UBL Fund Managers. Although I reached there a little late, I was glad that I caught up with the core discussion just in the nick of time.
The UBL Funds team briefed us about its proposition of managing funds, in which customers can start saving with an amount as small as Rs. 500, which was quite surprising. Furthermore the team also mentioned that UBL Fund managers is an entity of United Bank Limited(UBL), founded in 2001 and is regarded amongst the largest Asset Management Companies(AMC) in the private sector of Pakistan. Also this is the foremost AMC in the country that introduced a Mobile Application for mutual funds for the convenience of the customer.
“Mutual Funds” is the part of the UBL’s saving investment plan, in which it was told that a group of individual is allowed to invest money in a mutual account, and reap benefits from its savings later. When you are investing in mutual funds there is no concept of who is investing how much. All the money is pooled in together and there is no discrimination amongst the investors. This should also be highlighted here that in mutual funds the consumer is more likely to save 20% of his annual income tax legally. So if you have invested your money in mutual funds, that 20% income tax will simultaneously be added your savings . For more details check out the video shared underneath.
Here’s how the Mobile App for Mutual Funds can benefit you:
- Track your investment portfolio(that is all your accounts)
- Access multiple accounts from one platform
- Make transactions like: withdrawals and conversions from one scheme to another
- Update your profile details such as contact, email, and mailing address etc.
- Download/view your account statements – (A total of 8 reports/statements are available for downloading)
- Locate the nearest Investment Centers along with their contact details
- Contact UBL Fund Managers toll free number directly or message your advisor
- Set up a meeting with their advisors (for non-clients)
To get your financial queries resolved and to connect with the financial advisors at UBL Funds you can download the UBL Funds Smart Savings Mobile App from either Google Play Store or Apple App Store. Or just visit their website:www.ublfunds.com.pk