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 10.28 ABLAFF 10.05 ABLCF 10.21 ABLFPF-Active 91.08 ABLFPF-Conservative 112.79 ABLFPF-SAP 97.01 ABLGSF-B 10.49 ABLIAAF 10.09 ABLIDSF 6.91 ABLIF 10.4 ABLIFPF-Active 96.29 ABLIFPF-Aggressive 97.21 ABLIFPF-Conservative 113.43 ABLIFPF-CPP-I 105.1 ABLIFPF-SAP 107.86 ABLIFPF-SAP-III 102.76 ABLIIF 10.57 ABLIPPF-D 122.96 ABLIPPF-E 133.01 ABLIPPF-MM 120.04 ABLISF 12.25 ABLPPF-D 160.97 ABLPPF-E 129.04 ABLPPF-MM 131.33 ABLSF 11.83 ABLSSF-ASSP-I 10.29 ABLSSF-ASSP-II 10.12 ABLSSF-ASSP-III 10.03 AGHPAF 56.58 AGHPCF 518.27 AGHPIF 116.73 AGHPIIF 102.67 AGHPIMF 54.91 AGHPIPF-D 110.22 AGHPIPF-E 69.12 AGHPIPF-MM 109.9 AGHPIPPF-AAP-II 93.84 AGHPIPPF-AAP-III 96.05 AGHPIPPF-BAP 102.78 AGHPIPPF-MAP 102.56 AGHPISF 40.69 AGHPMMF 98.7 AGHPPF-D 117.16 AGHPPF-E 67.4 AGHPPF-MM 116.15 AGHPPPF-AAP 103.02 AGHPPPF-CAP 106.43 AGHPPPF-MAP 101.53 AGHPSF 99.96 AGHPVF 52.09 AGHSF 110.65 AKDCF 52.29 AKDGASSF 7.19 AKDIF 52.95 AKDIIF 51.89 AKDISF 31.49 AKDITF 11.06 AKDOF 60.2 ALFALAHGHPCPF-II 103.75 ALFALAHGHPIDEF 64.72 ALFALAHGHPIPPF-CPP-IV 103.93 ALFALAHGHPIPPF-CPP-V 103.93 ALFALAHGHPIVF 90 ASKARIAAF-B 39.36 ASKARIAAF-C 39.36 ASKARIHYS 101.89 ASKARIIAAF-B 73.24 ASKARIIAAF-C 73.24 ASKARIIIF-B 99.08 ASKARIIIF-C 99.08 ASKARISCF 104.7 ASKARISYE 106.39 ATLASIDSF 418.06 ATLASIF 539.78 ATLASIFOF-AAAIP 455 ATLASIFOF-ACAIP 513.38 ATLASIFOF-AICPP 503.25 ATLASIFOF-AMAIP 479.57 ATLASIIF 522.23 ATLASISF 436.02 ATLASMMF 508.44 ATLASPF-D 276.72 ATLASPF-E 417.89 ATLASPF-MM 262.88 ATLASPIF-D 223.57 ATLASPIF-E 501.58 ATLASPIF-MM 236.98 ATLASSF 105.94 ATLASSMF 507.35 AWTAAF 81.67 AWTIF 111.75 AWTIIF 105.77 AWTISF 83.59 AWTSF 81.62 BMACRSF 8.53 BMAECF 10.54 DAWOODIF 83.41 DAWOODISF 106.16 FAYSALAAF 44.4 FAYSALFIAAF 66.03 FAYSALFSOF 105.83 FAYSALHAF 100.19 FAYSALIGF 108.44 FAYSALISGF 106.39 FAYSALMMF 105.62 FAYSALMTSF 104.77 FAYSALSF 45.84 FAYSALSGF 104.89 FaysalSPF-FSCPP 102.99 FaysalSPF-FSCPP-II 100.58 FCMF 6.5 FCMF 6.5 FCMF-A 6.5 FDAWOODMF 17.37 FHABIBAAF 87.14 FHABIBCF 100.91 FHABIBIF 103.54 FHABIBIIF 100.71 FHABIBSF 72.5 FHISF 69.23 HBLCF-C 101.43 HBLCF-D 101.43 HBLEF 10.93 HBLEQF 94.44 HBLFPF-AAP 99.4 HBLFPF-CAP 106.83 HBLFPF-SAP 100.22 HBLFPF-SIP 101.25 HBLGF-A 17.28 HBLGF-B 16.09 HBLGF-C 16.09 HBLGSF-C 110.41 HBLGSF-D 110.41 HBLIAAF 105.73 HBLIDEF 84.5 HBLIEF 77.2 HBLIF 109.18 HBLIF-A 6.15 HBLIF-B 8.41 HBLIF-C 8.41 HBLIFPF-AAP 95.96 HBLIFPF-CAP 104.63 HBLIFPF-ICP 103.12 HBLIFPF-SAP 107.66 HBLIIF 105.22 HBLIMMF 101.5 HBLIPF-D 156.75 HBLIPF-E 328.76 HBLIPF-MM 152.68 HBLISF 91.75 HBLMAF 98.25 HBLMMF 105.98 HBLPF-D 184.16 HBLPF-E 319.9 HBLPF-MM 164.27 HBLSF 89.98 JSCF 102.34 JSFOF 53.77 JSGF-A 139.87 JSIDEF 72.7 JSIF 97.3 JSIHFF-II-AAP-II 101.45 JSIHFF-JSICPAP-I 103.61 JSIHFF-JSICPAP-II 103.62 JSIHFF-JSICPAP-III 103.53 JSIHFF-JSICPAP-IV 103.61 JSIHFF-JSICPAP-V 103.5 JSIHFF-JSICPAP-VI 103.26 JSIHFF-JSICPAP-VII 101.26 JSIHFF-Mufeed 73.25 JSIHFF-Munafa 75.11 JSIHFF-Mustakhkem 96.73 JSIHFF-Mustanad 116.9 JSIHFF-Mutanasib 85.9 JSIIF 101.93 JSIPSF-D 224.15 JSIPSF-E 491.38 JSIPSF-MM 194.29 JSISF 81.78 JSLCF 104.55 JSPSF-D 274.55 JSPSF-E 367.88 JSPSF-MM 216.6 JSUTP 140.74 JSVF-A 172.4 LAKSONAADMF 153.81 LAKSONEF 91.45 LAKSONIF 105.46 LAKSONITF 82.92 LAKSONMMF 101.27 LAKSONTF 91.1 MCBAHAIAAF 90.69 MCBAHAIAAF-II 96.78 MCBAHAIAALF 64 MCBAHAIIF-A 104.82 MCBAHAISF 8.56 MCBAHDDF 100 MCBAHIIF-B 104.82 MCBAHMCBCMOF 101.05 MCBAHMCBDIF 110.33 MCBAHPCF 52.04 MCBAHPCM 10.29 MCBAHPFPF 102.65 MCBAHPIEF 55.47 MCBAHPIF 56.12 MCBAHPIPF-D 216.41 MCBAHPIPF-E 416.4 MCBAHPIPF-MM 197.27 MCBAHPPF-D 270.25 MCBAHPPF-E 431.33 MCBAHPPF-MM 244.86 MCBAHPSMF 79.53 MCBPAAF 72.1 MCBPSF 56.23 MEEZAMSAF-II(MCPP-IV) 51.24 MEEZAMSAF-II(MCPP-V) 51.28 MEEZAMSAF-II(MCPP-VI) 51.03 MEEZAMSAF-II(MCPP-VII) 51.17 MEEZAMSAF-II(MCPP-VIII) 50.13 MEEZAMSAF-III(MCPP-IX) 49.36 MEEZANAAF 35.59 MEEZANBF 13.65 MEEZANCF 52.13 MEEZANDEF 35.05 MEEZANEF 31.35 MEEZANFPFF-A 58.54 MEEZANFPFF-M 54.85 MEEZANFPFF-MAAP-I 46.89 MEEZANGF 72.4 MEEZANIF 47.7 MEEZANIIF-B 53.24 MEEZANIIF-C 53.24 MEEZANKMIF 52.85 MEEZANMF 13.34 MEEZANMFPFF-C 55.96 MEEZANMSAF-MCPP-III 52.49 MEEZANMSAF-MSAP-I 36.2 MEEZANMSAF-MSAP-II 36.38 MEEZANMSAF-MSAP-III 35.38 MEEZANMSAF-MSAP-IV 35.93 MEEZANMSAF-MSAP-V 41.01 MEEZANRAF 50 MEEZANSF 53.29 MEEZANTPF-D 243.88 MEEZANTPF-E 376.13 MEEZANTPF-G 138.21 MEEZANTPF-MM 241.68 NAFAFSECTF 8.78 NAFAGSP-I 10.57 NAFAGSSF 11.01 NAFAIAAP-I 108.47 NAFAIAAP-II 108.35 NAFAIAAP-III 100.39 NAFAIAAP-IV 90.8 NAFAIAAP-V 83.12 NAFAIAAP-VI 81.08 NAFAIAAP-VII 84.65 NAFAIAAP-VIII 99.13 NAFAICPP-I 104.34 NAFAICPP-II 103.6 NAFAICPP-III 101.94 NAFAICPP-IV 101.66 NAFAICPP-V 101.21 NAFAIPF-D 140.05 NAFAIPF-E 241.83 NAFAIPF-MM 142.93 NAFAIPPF-II 104.59 NAFAPF-D 166.87 NAFAPF-E 251.32 NAFAPF-MM 149.77 NBPAARFSF 10.34 NBPBF 16.97 NBPFSIF 10.9 NBPGSLF 10.26 NBPIAAEF 9.1 NBPIEF 8.94 NBPIMAF 10.29 NBPIMMF 10.39 NBPIOF 11.02 NBPIRIF 8.39 NBPISIF 14.03 NBPISTF 9.1 NBPISVF 9.85 NBPMAF 10.53 NBPMMF 9.94 NBPRFSF 10.56 NBPSAVF 10.13 NBPSIF 14.84 NBPSTOCKF 12.03 NIT-GBF 10.31 NIT-IF 10.47 NIT-NI(U)T 52.27 NITIEF 7.07 NITIIF 10.13 NITIPF-D 12.27 NITIPF-E 8.14 NITIPF-MM 12.19 NITMMF 9.84 NITPF-C 13.7 NITPF-D 13.23 NITPF-E 8.13 NITPF-MM 12.82 POAAAF 44.04 POAIIF 53.66 POGSF 10.99 POIAAF 44.49 UBLAAAIRSF-D 180.99 UBLAAAIRSF-E 520.28 UBLAAAIRSF-MM 174.65 UBLAAF 134.97 UBLAAIAAP-IX 92.3 UBLAAIAAP-VI 88.24 UBLAAIAAP-VII 85 UBLAAIAAP-VIII 82.15 UBLAAIAAP-X 93.04 UBLAAIAAP-XI 95.99 UBLAAIAPPP-I 106.93 UBLAAIAPPP-II 106.06 UBLAAIAPPP-III 104.3 UBLAAIAPPP-IV 105.4 UBLAAIDEF 96.08 UBLAIAAF 114.13 UBLAICF 100.46 UBLAIIF-G 102.1 UBLAIIF-I 102.1 UBLAISF 104.33 UBLAPPP-I 107.21 UBLAPPP-II 104.47 UBLAPPP-III 102.7 UBLASSF 110.39 UBLCF 100.68 UBLCPF-III 101.26 UBLDEF 81.3 UBLFSF 77.86 UBLGSF 109.79 UBLIOF 114.67 UBLLPF-C 100.92 UBLMMF 104.33 UBLRSF-C 129.76 UBLRSF-D 239.68 UBLRSF-E 551.15 UBLRSF-MM 195.7 UBLSSP-I 104.56 UBLSSP-II 104.32 UBLSSP-III 106.33 UBLSSP-IV 105.49 UBLSSP-V 101.81 UBLSSP-VI 102.08 UBLUGIF-G 87.22 UBLUGIF-I 87.22 UBLUSAF 57.55

Board Of Directors

Ms. Maheen Rahman - 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 - Senior 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. Muhammad Saqib Saleem - Vice Chairman

Mr. Saleem is a Fellow member of the Institute of Chartered Accountants of Pakistan. He has over 13 years of working experience which includes 11 years of post qualification experience with leading institutions such as JS Investments Limited (formerly JS ABAMCO Limited), Habib Bank Limited and Atlas Asset Management Limited. Before joining the Company in 2007, Mr. Saleem was heading the Internal Audit Department of Atlas Asset Management Limited which includes Risk Management and Compliance. He was performing as Chief Operating Officer & Company Secretary before being elevated to CEO. Mr. Saleem is a member of SECP's Technical Committee on "Pension under National Financial Inclusion Strategy" and has been a member of Technical Committees constituted by Mutual Fund Association of Pakistan.

Dr. Amjad Waheed - Director

Dr. Amjad Waheed holds a Doctorate in Business Administration with a major in Investments and Finance from Southern Illinois University, USA and is also a Chartered Financial Analyst (CFA). Since inception, Dr. Amjad Waheed is the CEO of NBP Fund Management Limited (NBP FUNDS). Before joining NBP FUNDS, Dr. Amjad was Head of Equity Mutual Funds & Portfolios at Riyadh Bank, Saudi Arabia, for about 5 years where he was managing around US$ 7.5 billion invested in 22 mutual funds. Prior to that Dr. Amjad was Head of Asset Management at NIT and Chief Operating Officer of FC-ABN AMRO Equities for several years. Before moving back to Pakistan, Dr. Amjad was Assistant Professor of Finance at Tennessee State University, USA and has published several articles in top journals of the world such as Journal of Banking & Finance and Financial Management. Dr. Amjad has served on the Board of various companies including Bank Islami Pakistan, Siemens (Pakistan) Engineering Co. Ltd., Nishat Mills Ltd., PICIC, Askari Bank Ltd., Millat Tractors Ltd., Fauji Fertilizer Company Ltd., Pakistan Tobacco Company Ltd., Parke-Davis & Company Ltd., Treet Corporation Ltd., Atlas Investment Bank Ltd., Gul Ahmed Textile Mills Ltd., Bata Pakistan Ltd. and Mehran Sugar Mills Ltd. among others. He has also served as Chairman, Mutual Funds Association of Pakistan (MUFAP).

Mr. Abdul Samad - Director

Mr. Muhammad Abdul Samad has a vast experience of local investment management industry. He joined Atlas Asset Management Limited (AAML) in November 2005, and has held C-suite positions for over a decade, including the Chief Investment Officer and Chief Operating Officer positions. He attended Advanced Management Program at INSEAD, on nomination by the Atlas Group. In more than twelve years of his association with AAML, he has actively been involved in new business initiatives, marketing, human resource, and risk management & compliance areas. Mr. Samad was instrumental in the outsourcing of back office functions at AAML. He has also contributed to industry related issues at association level, and was a member of technical committee on retirement schemes. Prior to joining AAML, Mr. Samad spearheaded the research function at National Investment Trust Limited, and was also a part of various merger, acquisition and corporate governance related matters beside research. He has a significant Board experience, where he has served as a director on the board of nineteen listed companies, including Atlas Battery Limited, Lucky Cement, Berger Paints, Mirpurkhas Sugar, amongst others. Currently he is serving as a Director on the Board of MUFAP also.

Mr. Alee Khalid Ghaznavi - Director

Mr. 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 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. Yasir Qadri - Director

Mr. Yasir Qadri is a past Chairman of MUFAP and has served on the Board of MUFAP for several years. He has about 20 years of asset management experience. He has served as CEO of leading AMCs for the last 12 years. He has been CEO of UBL Funds since 2016. Yasir has chaired and served on many MUFAP and pan industry committees.

Ms. Sadaf Kazmi - Director

Ms. Sadaf joined the Pak Oman Asset Management Company Limited on 1st Feb 2019 as Country Head Sales. She is a stalwart of mutual funds and financial industry of Pakistan and has previously worked with prestigious institutions such as NIT, HBL Asset Management, PAIR, NAFA and JS Investments.

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).

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