Following is the list of Pakistan's largest mutual fund providers. They offer to public to invest in these mutual funds. In these providers include the companies of banking sector, non-banking sector, insurance sector and finance sectors. There are 10 Top companies who are the providers of mutual funds.
1st Al-Meezan Mutual Fund
Al Meezan Mutual Fund Limited (AMMF) was the first fund launched by Al Meezan Investments and is one of the oldest mutual funds in the private sector. It is a closed end equity fund that invests in Shariah compliant equity instruments to provide investors with Pure Profit. During its long and illustrious journey of 12 year AMMF has been paying regular dividends to its investors. Maintaining that tradition, AMMF announced 10% cash dividend i.e., Re. 1 per share for its shareholders for the year ended June 30, 2008.
2nd Asian Stocks Fund
Asian Stocks Fund Limited is a public limited company incorporated in June 1994 under the Companies Ordinance, 1984 and has been registered with the Securities and Exchange Commission of Pakistan (SECP) as an Investment Company under the Investment Companies and Investment Advisers Rules, 1971 to carry on the business of a closed end investment company. The company is also registered under rule 38 of the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003 (NBFC Rules).
3rd Atlas Fund of Funds
Atlas Fund of Funds (ATFF) is a closed-end fund established by a Trust Deed dated May 29, 2004 between Atlas Asset Management Limited (AAML), as the investment adviser and Central Depository Company of Pakistan Limited (CDC), as the Trustee.
4th Dominion Stock Fund
These DOMINION STOCK FUND company profiles provided detailed financial data and key credit information. DOMINION STOCK FUND predominantly operates in the Investment Offices sector. Investment Company under the Investment Companies and Investment Advisers Rules. 1971 to carry out the business of a closed end investment company.
5th First Capital Investment ltd Mutual Fund
First Capital Investments Limited (FCIL), a subsidiary of First Capital Securities Corporation, is a Non-Banking Finance Company licensed to carry out Investment Advisory Services as under the NBFC Rules 2003 and is regulated by the Securities and Exchange Commission of Pakistan (SECP).
6th First Dawood Fund
The Fund has been established through a trust deed (Trust Deed or Deed) under the Trusts Act, 1882,
executed between Dawood Capital Management Limited (DCM), 1500-A Saima Trade Towers, I. I.
Chundrigar Road, Karachi-74000, which has been licensed to undertake investment advisory services
by the Securities & Exchange Commission of Pakistan (SECP), vide its letter No. NBFC-17/IA/02/2004 dated May 26, 2004 under Non-Banking Finance Companies (Establishment & Regulations) Rules, 2003 (the Rules) and Central Depository Company of Pakistan Limited (CDC) Karachi, duly approved by the SECP to act as the Trustee, vide its letter No. NBFC-II/JD(R)/DCML-FDMF/976 dated December 2, 2004.
7th Golden Arrow
Golden Arrow Selected Stocks Funds Limited (GASSFL) is a Pakistan-based, closed-end mutual fund. The Company’s principal activity is to make investment in marketable securities. The Company’s investment manager is AKD Investment Management Limited.
8th Meezan Balanced Fund
Meezan Balanced Fund (the Fund) is a Pakistan-based closed-end balanced fund. The investment objective of the Fund is to generate long-term capital appreciation, as well as current income. It invests in equity securities and Islamic income instruments, such as Sukuk (Islamic bonds), Musharaka and Murabaha instruments, Shariah compliant spread transactions, certificate of Islamic investments, Islamic bank deposits and other Islamic income products. Al Meezan Investment Management Limited (AMIML) serves as the Fund’s management company and Central Depository Company of Pakistan Limited (CDC) is its trustee.
9th JS Growth Fund
JS Growth Fund (the Fund) is a Pakistan-based, closed-end investment company. The Fund’s investment objective is to enable the certificate holders to participate in a diversified portfolio by prudent investment management (investment return being of a combination of capital appreciation and income). JS Investments Limited is the management company of the Fund.
10th Pakistan Premier Fund
Pakistan Premier Fund Limited (PPFL) is a Pakistan-based closed-end equity fund. The Company is engaged in providing investors long term capital appreciation from investments primarily in Pakistani equities. It primarily invests in shares of listed companies, term finance certificates and short-term reverse repurchase transactions. Arif Habib Investments Limited is the Company’s investment advisor.
Very useful information about mutual funds for finance students
ReplyDeleteAgreed totally by Shahzad
ReplyDeletethanks helped alot
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