Mutual Funds Association of Pakistan (MUFAP) is the trade body for Pakistan's multi billion rupees asset management industry. The money our members manage is in a wide variety of investment vehicles including stocks, bonds, money market instruments, government securities and bank deposits. Our role is to ensure transparency, high ethical conduct and growth of the mutual fund industry.
ABLACPF 10.18 ABLCF 10.18 ABLFPF-Active 95.61 ABLFPF-Conservative 110.43 ABLFPF-SAP 97.95 ABLGSF-B 10.26 ABLIAAF 10.14 ABLIDSF 8.47 ABLIF 10.23 ABLIFPF-Active 103.52 ABLIFPF-Aggressive 105.77 ABLIFPF-Conservative 112.81 ABLIFPF-SAP 105.44 ABLIFPF-SAP-II 95.41 ABLIFPF-SAP-III 99.52 ABLIFPF-SAP-IV 103.13 ABLIIF 10.41 ABLIPPF-D 116.86 ABLIPPF-E 164.83 ABLIPPF-MM 114.5 ABLISF 14.66 ABLPPF-D 145.79 ABLPPF-E 152.61 ABLPPF-MM 120.83 ABLSF 13.8 AGHPAF 65.84 AGHPCF 508.02 AGHPIF 113.89 AGHPIIF 103.12 AGHPIMF 53.83 AGHPIPF-D 104.16 AGHPIPF-E 84.38 AGHPIPF-MM 105.08 AGHPIPPF-AAP-II 91.46 AGHPIPPF-AAP-III 95.13 AGHPIPPF-BAP 100.74 AGHPIPPF-MAP 99.67 AGHPISF 50.14 AGHPMMF 98.02 AGHPPF-D 107.47 AGHPPF-E 81.03 AGHPPF-MM 107.53 AGHPPPF-AAP 105.35 AGHPPPF-CAP 104.72 AGHPPPF-MAP 99.68 AGHPSF 116.16 AGHPVF 54.44 AGHSF 107.94 AKDCF 51.42 AKDGASSF 9.96 AKDIF 50.1 AKDIIF 51.24 AKDISF 46.66 AKDITF 13.52 AKDOF 84.1 ALFALAHGHPCPF-II 100.48 ALFALAHGHPIDEF 85.17 ALFALAHGHPIPPF-CPP-IV 101.81 ALFALAHGHPIVF 99.31 ASKARIAAF-B 42.99 ASKARIAAF-C 42.99 ASKARIEF 93.69 ASKARIHYS 103.89 ASKARIIAAF-B 93.38 ASKARIIAAF-C 93.38 ASKARIIIF-B 103.38 ASKARIIIF-C 103.38 ASKARISCF 103.24 ASKARISYE 104.3 ATLASIF 524.31 ATLASIIF 514.83 ATLASISF 541.86 ATLASMMF 515.7 ATLASPF-D 248.89 ATLASPF-E 494.09 ATLASPF-MM 239.25 ATLASPIF-D 205.43 ATLASPIF-E 619.34 ATLASPIF-MM 217.46 ATLASSF 102.65 ATLASSMF 616.07 BMACRSF 8.4 BMAECF 10.41 DAWOODIF 82.99 DAWOODISF 113.19 FAYSALAAF 50.58 FAYSALFIAAF 77.09 FAYSALFSOF 103.87 FAYSALIGF 108.21 FAYSALISGF 105.03 FAYSALMMF 104.18 FAYSALMTSF 103.18 FAYSALSF 56.68 FAYSALSGF 104.14 FCMF 8.47 FCMF 8.47 FCMF-A 8.47 FDAWOODMF 20.76 HBLCF-C 103.39 HBLCF-D 103.39 HBLEF 14.15 HBLEQF 109.49 HBLFPF-AAP 102.42 HBLFPF-CAP 105.45 HBLFPF-SAP 102.73 HBLGF-A 25.71 HBLGF-B 18.92 HBLGF-C 18.92 HBLGSF-C 108.63 HBLGSF-D 108.63 HBLIAAF 106.18 HBLIDEF 105.37 HBLIEF 93.39 HBLIF 108.48 HBLIF-A 9.21 HBLIF-B 9.9 HBLIF-C 9.9 HBLIFPF-AAP 101.4 HBLIFPF-CAP 103.41 HBLIFPF-ICP 102.41 HBLIFPF-SAP 102.55 HBLIIF 103.66 HBLIMMF 103.13 HBLIPF-D 144.16 HBLIPF-E 399.29 HBLIPF-MM 142.05 HBLISF 112.86 HBLMAF 104.54 HBLMMF 104.61 HBLPF-D 162.33 HBLPF-E 368.96 HBLPF-MM 150.51 HBLSF 105.44 JSCF 101.7 JSFOF 52.88 JSGF-A 177.53 JSIDEF 97.74 JSIF 97.85 JSIHFF-II-AAP-II 101.15 JSIHFF-JSIAAP I 103.43 JSIHFF-JSICPAP-I 102.21 JSIHFF-JSICPAP-II 101.96 JSIHFF-JSICPAP-III 101.58 JSIHFF-Mufeed 81.68 JSIHFF-Munafa 80.1 JSIHFF-Mustakhkem 99.85 JSIHFF-Mustanad 105.07 JSIHFF-Mutanasib 83.25 JSIIF 103.79 JSIPSF-D 205.23 JSIPSF-E 614.8 JSIPSF-MM 178.06 JSISF 104.43 JSLCF 135.37 JSPSF-D 245.61 JSPSF-E 463.85 JSPSF-MM 197.07 JSUTP 163.98 JSVF-A 216.46 LAKSONAADMF 137.56 LAKSONEF 114.28 LAKSONIF 103.14 LAKSONITF 96.03 LAKSONMMF 102.88 LAKSONTF 102.25 MCBAHAIAAF 96.36 MCBAHAIAAF-II 100.98 MCBAHAIAALF 71.12 MCBAHAIIF-A 103.47 MCBAHAISF 10.67 MCBAHDDF 100 MCBAHIIF-B 103.47 MCBAHMCBCMOF 100.71 MCBAHMCBDIF 108.87 MCBAHPCF 51.42 MCBAHPCM 11.23 MCBAHPFPF 101.43 MCBAHPIEF 54.3 MCBAHPIF 55.15 MCBAHPIPF-D 202.74 MCBAHPIPF-E 512.48 MCBAHPIPF-MM 183.11 MCBAHPPF-D 244.85 MCBAHPPF-E 509.44 MCBAHPPF-MM 224.44 MCBAHPSMF 93.66 MCBPAAF 78.35 MCBPSF 54.14 MEEZAMSAF-II(MCPP-IV) 50.53 MEEZAMSAF-II(MCPP-V) 50.68 MEEZAMSAF-II(MCPP-VI) 50.88 MEEZAMSAF-II(MCPP-VII) 50.76 MEEZANAAF 43.54 MEEZANBF 15.27 MEEZANCF 51.55 MEEZANDEF 47.04 MEEZANEF 46.24 MEEZANFPFF-A 69.28 MEEZANFPFF-M 67.1 MEEZANFPFF-MAAP-I 57.68 MEEZANGF 58.86 MEEZANIF 61.67 MEEZANIIF-B 52.5 MEEZANIIF-C 52.5 MEEZANKMIF 69.43 MEEZANMF 17.21 MEEZANMFPFF-C 65.86 MEEZANMSAF-MCPP-III 50.6 MEEZANMSAF-MSAP-I 43.43 MEEZANMSAF-MSAP-II 42.55 MEEZANMSAF-MSAP-III 41.49 MEEZANMSAF-MSAP-IV 42.16 MEEZANMSAF-MSAP-V 48.18 MEEZANSF 52.14 MEEZANTPF-D 224.06 MEEZANTPF-E 483.09 MEEZANTPF-G 104.29 MEEZANTPF-MM 222.27 NAFAAAF 16.04 NAFAAARFSF 10.25 NAFAARPF 9.79 NAFAFSECTF 9.69 NAFAFSIF 10.77 NAFAGSLF 10.42 NAFAGSSF 10.56 NAFAIAAEF 11.52 NAFAIAAF 15.63 NAFAIAAP-I 117.87 NAFAIAAP-II 110.33 NAFAIAAP-III 108.9 NAFAIAAP-IV 98.62 NAFAIAAP-V 90.53 NAFAIAAP-VI 87.93 NAFAIAAP-VII 94.34 NAFAIAAP-VIII 101.27 NAFAICPP-I 101.86 NAFAICPP-II 102.03 NAFAICPP-III 101.84 NAFAICPP-IV 100.9 NAFAIEF 11.98 NAFAIF 10.07 NAFAIIF 9.74 NAFAIMMF 10.22 NAFAIOF 10.99 NAFAIPF-D 129.76 NAFAIPF-E 299.67 NAFAIPF-MM 131.26 NAFAIPPF-II 102.96 NAFAISF 11.54 NAFAMAF 18.26 NAFAMMF 10.11 NAFAPF-D 151.07 NAFAPF-E 302.1 NAFAPF-MM 136.93 NAFARFSF 10.45 NAFASF 14.47 NAFASPF 10.18 NBPAMAF 10.04 NIT-GBF 10.16 NIT-IF 10.5 NIT-NI(U)T 67.47 NITIEF 9.41 NITIIF 10.11 NITIPF-D 11.31 NITIPF-E 10.07 NITIPF-MM 11.23 NITMMF 10.15 NITPF-C 11.05 NITPF-D 11.75 NITPF-E 9.67 NITPF-MM 11.65 PCF 107.93 PIMLAAF 86.5 POAAAF 49.69 POAIIF 53.68 POGSF 10.85 POIAAF 51.69 PRIMUSDRF 102.15 PRIMUSIEF 98.76 PRIMUSIMMF 103.75 PRIMUSVEF 99.53 UBLAAAIRSF-D 166.51 UBLAAAIRSF-E 633.9 UBLAAAIRSF-MM 160.88 UBLAAF 136.75 UBLAAIAAP-IX 100.36 UBLAAIAAP-VI 96.95 UBLAAIAAP-VII 91.18 UBLAAIAAP-VIII 91.23 UBLAAIAAP-X 102.94 UBLAAIAPPP-I 102.37 UBLAAIAPPP-II 102.41 UBLAAIAPPP-III 100.91 UBLAAIDEF 116.5 UBLAIAAF 119 UBLAICF 100.43 UBLAIIF-G 101.79 UBLAIIF-I 101.79 UBLAISF 102.15 UBLAPPP-I 102.65 UBLAPPP-II 102.88 UBLAPPP-III 100.9 UBLASSF 135.18 UBLCPF-III 102.14 UBLDEF 97.33 UBLFSF 86.82 UBLGSF 107.91 UBLIOF 112.86 UBLLPF-C 100.87 UBLMMF 103 UBLRSF-C 109.83 UBLRSF-D 219.69 UBLRSF-E 664.19 UBLRSF-MM 179.44 UBLSSP-I 100.11 UBLUGIF-G 86.77 UBLUGIF-I 86.77 UBLUSAF 67.91

Board Of Directors

Mr. Farid Ahmed Khan - Chairman

Farid Ahmed Khan, CFA has been involved with capital markets for over 23 years and has a broad-based, global experience with bulge bracket firms in Fund Management, Investment Banking, Investment Research and Sales, Business Development & Project Finance. Before joining HBL, Farid served as CEO of ABL AMC for over six years and was the founding CEO of MCB Asset Management. Prior to that, he worked for MCB Bank as Head of Investment Banking Group. Farid also has extensive experience outside Pakistan, having worked at Credit Suisse, Morgan Stanley, ING Barings Securities and CLSA Emerging Markets in Singapore, Kuala Lumpur, London and Istanbul in a variety of senior positions. Farid also serves on the board of FINCA Microfinance Bank and as Senior Vice Chairman of MUFAP. He has previously served on the boards of NADRA Authority, CFA Society Pakistan and as a member of Corporate Leaders Advisory Board of IBA, Karachi. Farid holds an MBA in Finance from Institute of Business Administration, Karachi and got his CFA qualification in 1998. He is a regular speaker at business forums and contributes to various national and international publications.

Ms. Maheen Rahman - Senior Vice Chairperson

Ms. Rahman is the Chief Executive of Alfalah GHP Investment Management, and has over fourteen years of experience in investment banking, research and asset management. Ms. Rahman started her career with Merrill Lynch in their Investment Banking Group and was a key team member for several high profile international transactions that spanned the Asia Pacific region and North America. Post Merrill Lynch, she joined ABN Amro Bank in Singapore in the Corporate Finance department and was involved in a series of equity raising and IPO activity across south-east Asia.

She has also served as Head of Research for BMA Capital Management where she spearheaded the research effort to provide sound and in depth investment advice across all capital markets to a wide range of corporate and institutional clients. Under her stewardship BMA Capital's Research was represented on several international forums and widely recognized by local and international equity fund managers for its incisive analysis.

She joined IGI Funds in 2009 as Chief Executive. Total assets under management grew by over two hundred percent over the course of her tenure with a considerable widening in diversity and depth of client relationships on both mutual funds and investment advisory. The company was acquired by Bank Alfalah's asset management company Alfalah GHP Investment Management in 2013. Within the first year of the takeover, Ms. Rahman focused the company to successfully leverage off the wide distribution network of Bank Alfalah with Assets Under Management showing over sixty percent growth in the first nine months post acquisition making it one of the fastest growing asset management companies in the country. Her strategy for the company is straightforward – provide all clients with customized solutions and services for their investing and savings needs.

Ms. Rahman holds a Bachelors of Science (B.Sc. Hons) degree in Economics from the Lahore University of Management Sciences and a Masters of Science (M.Sc.) in Finance and Economics from Warwick Business School in the UK. She also holds a Series 7 qualification from the New York Stock Exchange.

Mr. Hasnain Raza Nensey - Vice Chairman

Mr. Hasnain Raza Nensey is the Chief Executive Officer of JS Investments Ltd since March 2017. He has an aggregate work experience of 23 years of which around 15 years has been in the Financial Industry in Pakistan. Prior to joining JSIL, he spent 11 years at UBL Fund Managers Ltd in multiple capacities namely Chief Operating Officer, Chief Financial Officer & Chief Investment Officer. Prior to 2005, Mr. Nensey was associated with the JS Group in various roles including Chief Investment Officer at JS Abamco Limited.

Mr. Nensey has a BSBA Degree with a concentration in Finance and Marketing from Boston University in Massachusetts, USA. He is also an MBA from Babson College in Massachusetts, USA which is very well known for its specialization in entrepreneurial studies.

Mr. Alee Khalid Ghaznavi - Director

Alee Khalid Ghaznavi is the Chief Executive Officer of ABL Asset Management. He has sixteen years of working experience with leading financial institutions including Allied Bank limited, Habib Bank AG Zurich and National of Bank of Pakistan Limited in the area of Corporate and Investment banking. Before joining ABL AMCL, he served as a Group Head-CIBG of Allied Bank Limited and was managing portfolio of Rs.75 billion with over 100 relationship. He was instrumental in the corporate asset growth to Rs.300 billion during the years immediately following the Bank's restructuring in 2005.

Mr. Imran Azim - Director

Mr. Imran Azim currently serving as CEO of Habib Asset Management Ltd. He is MBA in finance and has more than two decades of experience in Mutual Fund Industry. He served NIT from 1977 to 1998 where he worked in almost all the departments including Investment, Marketing, Business Development and Accounts. His biggest achievement at NIT was launching of two new products i.e. Nai Life and Roshan Kal for small investors. After leaving NIT he joined Khalid Majid Hussain Rahman, a Chartered Accountants firm and later on he joined Universal Insurance Company Limited. Prior to joining Habib Asset Management Limited he was Chief Executive of Haroon Oils Limited.

Mr. Imran Motiwala - Director

Mr. Imran Motiwala has been serving as the Chief Executive Officer of AKD Investment Management Limited since 2009, while also serving as a Director on the Company from 2007 and Chief Executive Officer of Golden Arrow Selected Stocks Fund Limited. Mr. Motiwala joined AKD Investment Management Limited in February 2006 as the Companys Chief Operating Officer and also over viewed several key areas including fund management, sales and marketing besides serving a Member of the Investment Committee. With a career spanning almost 20 years in the capital markets, Mr. Motiwala is a seasoned finance professional with experience ranging from stock broking to asset management. Mr. Motiwala initiated his career with Ali Hussain Rajabali as an equity sales trader for both domestic and foreign institutions. He has also had the privilege of working with several prestigious financial institutions during his career including JP Morgan as an institutional securities sales broker and after almost 8 years of securities broking moved to asset management with ABAMCO Limited (now JS Investments) where he served as a Fund Manager and led the team in launching the Company fixed income fund. After which Mr. Motiwala moved to Crosby Asset Management Limited as Head of Fund Management where his responsibilities entailed managing the entire asset management business. Mr. Imran Motiwala is a marketing graduate from Southeastern University and a Certified Director from the Pakistan Institute of Corporate Governance.

Mr. Mohammad Shoaib - Director

Mr. Mohammad Shoaib, CFA is the Chief Executive Officer of Al Meezan Investment Management Limited, the largest Shariah compliant asset management company in Pakistan. He has over 25 years of experience in managing investment portfolios.

He is an MBA from the Institute of Business Administration (IBA), Karachi of 1988 and has also taught in his alma mater, several courses ranging Security Analysis to Finance & Accounting. He got his CFA charter in 1999 and later founded the CFA Association of Pakistan in May 2002 with 40 members. He was the first President of the CFA Association of Pakistan (CFAAP) including the "Innovation Award" in 2006 and the "Strategic Planning Award" in 2008 from the CFA Institute.

From 2008 to 2012, Mr. Mohammad Shoaib served on the Presidents' Council Representative (PCR) for Asia Pacific Region which serves sixteen societies in the Asia Pacific region.

Recognizing his contribution to the mission of the CFA Institute, CFA Magazine listed him as the "MOST INFLUENTIAL" CFA Charter Holder in 2006.

Beside this he has also volunteered for many CFA Institute Committees. And apart of CFA institute he has also been involved in many other voluntary roles of SECP, Institute of Capital Markets in Pakistan, Pakistan Institute of Corporate Governance, Academic Board of institute of Business Administration and Central Bank Committee on Islamic Capital Market.

He has participated in various seminars, conferences and workshops across the globe during his 25-year career in managing investments. During the last 10 years of his career, he has focused exclusively on managing Shariah Compliant or Islamic portfolios. He has been a speaker / panelist at various conferences on the subject of Islamic Asset Management in Middle Eastern and Far Eastern countries. He has also been featured in CFA Magazine with reference to his contribution to Islamic asset management, corporate governance and other voluntary leadership roles. He has also served as Chairman, Mutual Funds Association of Pakistan (MUFAP).

Mr. Razi-ur-Rehman Khan - Director

Mr. Razi-ur-Rehman Khan currently serving as CEO of Faysal Asset Management Ltd. He has extensive experience in banking, open and close-end mutual funds management, equity brokerage and private equity investment. A chartered accountant by background. Mr. Razi-ur-Rehman Khan has served in various important positions in a number of public and private sector organizations, including Securities and Exchange Commission of Pakistan (SECP) as Chairman; JP Morgan Chase as Country Manager for Pakistan; National Investment Trust (NIT) as Chairman and Managing Director; Hub Power Company (HUBCO) as Finance Director; ANZ Merchant Bank, London as Director International & Islamic Finance; ANZ Grindlays Pakistan as Chief Manager. As the Chairman of SECP. He was instrumental in development and implementation of Governance and transparency measures in capital market of the country and introduction of various capital market regulations in Pakistan. Mr. Razi-ur-Rehman Khan was responsible for conceiving, structuring and executing the first major Islamic Unit Trust in Pakistan. He has advised and arranged more than USD 1.5 BN worth of deals in Islamic Finance.

Ms. Tara Uzra Dawood - Director

Ms. Tara Uzra Dawood is the CEO of 786 Investment Ltd (Formerly Dawood Capital Management Ltd). She holds a Doctorate in Judicial Science from Harvard Law School and Bachelor of Arts Honors from Cornell University and Oxford University. Having specialization in mergers and acquisitions, corporate law and responsible investments, she worked for law firms in New York, Toronto, Amsterdam, Brussels and California before launching 786 Investments in 2003. She is on the Board of Directors of MUFAP and has also been appointed to the Faculty at Danube University Krems (Austria) as recommended by IIFA and EBAMA. She speaks globally at numerous international mutual fund and banking conferences as an authority on shariah-compliant finance as well as finance for women.

Mr. Yasir Qadri - Director

Mr. Yasir Qadri is currently serving as the CEO of UBL Funds Managers Ltd. He has been associated with the asset management industry for the past 16 years, last serving as CEO of MCB- Arif Habib Savings &Investments Ltd, where he led the merger that brought together two leading asset managers established by two of the largest local business houses. Prior to MCB, he was at Arif Habib Investments for Six years. Mr. Yasir Qadri has been member of two founding teams in the industry and has experience in business development, investment management, product development, and human resource management.

Mr. Yasir Qadri has also been visiting faculty for graduate and undergraduate classes with leading educational institutions of Pakistan and served on pan-industry committees set up by regulators and industry players. He has earned an M.B.A. and a B.B.A. degree from the University of Central Oklahoma, USA.

Ms. Mashmooma Zehra Majeed, CFA, FRM - Chief Executive

Ms. Majeed completed her Chartered Financial Analyst (CFA) program in 2001 from the CFA Institute and the Financial Risk Manager (FRM) Program in 2010. She has a vast experience of 19 years in Investment and Capital Markets. She has been associated with the asset management industry in Pakistan for over 15 years with her forte being in investment management and product development. She has played an instrumental role in launching the first Islamic open-end mutual fund in Pakistan as well as the launch of the voluntary pension scheme in Pakistan under the Voluntary Pension System Rules. She has been actively involved with MUFAP throughout her career. She has previously worked in senior positions in Atlas Asset Management Ltd., JS Investments Ltd (formerly ABAMCO Ltd.) and Crosby Asset Management Pakistan Ltd. She started her career with M/s Hameed Majeed Associates (Pvt) Ltd.

INFORMATION

MUFAP gratefully acknowledges Center for International Private Enterprise (CIPE) Business Support grant amongst others for investors protection and access to information.

MUFAP is an affiliate of the South Asian Federation of Exchanges (SAFE).

MUFAP is a member of International Investment Fund Managers Association (IIFA) and the Asia Oceania Regional Meeting (AORM).

SECP's Investor Portal Jama Punji

SECP's Service Desk