BMA CHUNDRIGAR ROAD SAVINGS FUND (BCSF)
BCSF - APPLICABILITY CRITERIA
The Fund is open for investment to many different types of customers. These include:
Resident Pakistani Investors
1. Individual Investors: Whether you are a parent, professional or a student, you can open an account for yourself and your family to allow members of your family to save individually and watch their money earn optimum returns on investments. You can even open up a special minor account as a guardian for your children or grand children and help them to learn about the benefits of saving and planning for the future. As a parent, you can open a systematic investment account and start a plan for your children’s education and their marriage.
2. Institutional Investors: Whether you are a financial institution, a local corporate or a retirement fund, this fund can help manage your surplus funds more efficiently and provide you the benefit of your money being actively managed by a team of investment professionals who will consistently seek the highest risk adjusted returns being offered by a diversified pool of short duration fixed income assets in Pakistan’s financial markets.
Non Resident Investors
1. Non Resident Pakistani Individual: If you are a Non Resident Pakistani, you can send us an email at firstname.lastname@example.org and we will send you an information pack and application forms to allow you to open an account with us. In order to invest, you will either have to send us a cheque from a Pakistani rupee based bank account or wire funds in Pak. Rupees to our designated bank account through normal banking channels subsequent to the opening of your account with us. In case of withdrawal, the payment will be made in Pak. Rupees only in the name of the account holder.
2. Non Resident or International Institutional Investors: The Fund is considered a listed security and therefore open to international and nonresident Pakistani institutional investors. The investment process can be facilitated via a “Special Convertible Rupee Account” which is offered by Standard Chartered Bank.