Islamabad, Dec 8: Profitable profit rates in the current fiscal year, which jumped to above Rs. 3 trillion for the first time in Pakistan, have kept asset management companies (AMCs) in the country drawing in capital from both corporate and private investors.
In January 2024, AMCs made a record by touching Rs. 2 trillion in assets. In September 2024, they achieved a milestone of Rs. 3 trillion, and in October 2024, they maintained their value. Profitable yields range from 20 to 25 percent on various funds with low-risk characteristics that draw savings and investment in asset management firms’ funds.
In recent weeks, investors have been drawn to short-term investments by the equities market funds, which have even offered up to 25 percent. The mutual fund value increased to Rs. 3.44 trillion, according to the Mutual Fund Association of Pakistan (MUFAP). There are three primary categories of mutual funds: exchange-traded funds, which have a total value of Rs. 526 million; voluntary pension funds, which have a total value of Rs. 82 billion; and open-ended funds, which have a total value of Rs. 3.35 trillion.
With valuations rising to above Rs. 1.3 trillion, money market funds hold a sizable portion of these open-ended funds. With assets of Rs. 611 billion, Al Meezan Investment Management Limited is the top AMC.
Over Rs. 422 billion in funds are managed by NBP Fund Management Limited. MCB Investment Management Limited, which had assets worth Rs. 367 billion, took third place. With an asset worth of Rs. 320 billion, HBL Asset Management Limited was ranked number four. The Pakistan Stock Exchange (PSX) also lists these top AMCs.
