Asset Management Companies (AMCs) in Pakistan have continued attracting funds from individual investors and corporations because of high-profit rates in the present financial year, and the amount reached over Rs. 3 trillion for the first time in Pakistan.
In January 2024, AMCs achieved a fresh record with assets totaling Rs. 2 trillion in a month, and in September 2024. They achieved a new record within the year with assets totaling Rs. 3 trillion, holding the same value recorded in October 2024. Profit rates range between 20 and 25 percent in terms of different funds, with some low-risk features to lure investors and savers toward AMCs.
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The Mutual Fund Association of Pakistan (MUFAP) noted that the combined fund tally stood at an aggregate of Rs. 3.44 trillion. Some other major divisions of mutual funds include open-ended funds, voluntary pension funds, and exchange-traded funds: the aggregate value of the first type as of now stands at Rs. 3.35 trillion; the last two types are worth Rs. 82 billion and Rs. 526 million, respectively.
Among these, open-ended funds constitute the larger shares that will cross over Rs. 1.3 trillion in Value. Income funds attracted over Rs. 1.2 trillion, while equity market funds flowered up to Rs. 258 by October 2024.
Al Meezan Investment Management Limited leads AMCs in Punjab with Rs. 611 billion, followed by NBP Fund Management Limited at Rs. 422 billion and MCB Investment Management Limited at Rs. 367 billion.