A new window for mutual funds

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Himon2413
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Joined: Sat Dec 28, 2024 3:46 am

A new window for mutual funds

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Municipal savings banks can now provide this financial product from banks.

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PERU21 Editorial

A recent regulation issued by the Superintendency of the Securities Market (SMV) will allow the offer of mutual funds to reach cities in the country where there are no banks.
This will give more users access to this sophisticated savings and investment instrument, which can now be channelled through financial institutions, SMEs, municipal and rural banks.
Credinka is the first rural bank indonesia number screening with this alternative. In addition to offering deposits, loans and savings accounts, it also provides NCF mutual funds (a specialized financial group).
MORE DETAILS Currently, there are 16 entities, mostly banks, that have this tool. With the new provision, 11 financial institutions, 13 municipal banks and 10 rural banks will join, said the general manager of NCF Fondos, Armando Herrera.
"The democratization of the stock market is becoming easier, which means that more and more Peruvians can invest through non-traditional mass distribution channels," he said.
Banco de Crédito del Perú describes mutual funds as "a modern, safe and simple option to become an investor."
The money that the consumer is willing to bet is distributed across a diversified portfolio of financial products such as stocks, bonds, among others.
At Credinka, so far, the fund with the greatest acceptance is the NCF Extra Conservador Soles, which has a very low risk and a short-term investment horizon, Herrera says.
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