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.

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Expense Ratios

Report Date: May 08, 2024

Report Time: 08 : 59 : 23 AM
Open End Schemes Dedicated Equity Funds Voluntary Pension Funds Exchange Traded Fund (ETF) KP Govt Employees Pension Funds
Fund Name Sub Fund Category Inception Date NAV TER%* MF%* S&M%* Validity Date
ABL Asset Management Company Limited
ABL Islamic Pension Fund VPS-Shariah Compliant Debt Aug 20, 2014 184.8344 2.47 1.50 - May 06, 2024
ABL Islamic Pension Fund VPS-Shariah Compliant Equity Aug 20, 2014 291.7266 3.57 1.50 - May 06, 2024
ABL Islamic Pension Fund VPS-Shariah Compliant Money Market Aug 20, 2014 184.0357 2.16 1.50 - May 06, 2024
ABL Pension Fund VPS-Debt Aug 20, 2014 285.1788 2.18 1.50 - May 06, 2024
ABL Pension Fund VPS-Equity Aug 20, 2014 270.4490 3.61 1.50 - May 06, 2024
ABL Pension Fund VPS-Money Market Aug 20, 2014 222.2335 2.12 1.50 - May 06, 2024
AL Habib Asset Management Limited
AL Habib Islamic Pension Fund VPS-Shariah Compliant Debt Sep 05, 2022 136.0383 1.31 0.77 - May 07, 2024
AL Habib Islamic Pension Fund VPS-Shariah Compliant Equity Sep 05, 2022 204.7671 2.48 0.76 - May 07, 2024
AL Habib Islamic Pension Fund VPS-Shariah Compliant Money Market Sep 05, 2022 133.5640 1.21 0.75 - May 07, 2024
AL Habib Pension Fund VPS-Debt Jun 30, 2022 140.5499 1.30 0.74 - May 07, 2024
AL Habib Pension Fund VPS-Equity Jun 30, 2022 202.7808 2.11 0.86 - May 07, 2024
AL Habib Pension Fund VPS-Money Market Jun 30, 2022 139.4983 1.13 0.72 - May 07, 2024
Al Meezan Investment Management Limited
Meezan Tahaffuz Pension Fund VPS-Shariah Compliant Commodities / Gold Aug 04, 2016 308.0037 2.76 1.50 - May 06, 2024
Meezan Tahaffuz Pension Fund VPS-Shariah Compliant Debt Jun 28, 2007 408.8618 1.60 0.50 - May 07, 2024
Meezan Tahaffuz Pension Fund VPS-Shariah Compliant Equity Jun 28, 2007 833.7245 2.68 1.50 - May 07, 2024
Meezan Tahaffuz Pension Fund VPS-Shariah Compliant Money Market Jun 28, 2007 402.6290 1.11 0.50 - May 07, 2024
Alfalah Asset Management Limited (Formerly: Alfalah GHP Investment Management Limited)
Alfalah GHP Islamic Pension Fund VPS-Shariah Compliant Debt Nov 08, 2016 165.8897 1.05 0.54 - May 07, 2024
Alfalah GHP Islamic Pension Fund VPS-Shariah Compliant Equity Nov 08, 2016 149.7735 3.89 1.75 - May 07, 2024
Alfalah GHP Islamic Pension Fund VPS-Shariah Compliant Money Market Nov 08, 2016 174.6037 1.07 0.60 - May 07, 2024
Alfalah GHP Pension Fund VPS-Debt Nov 08, 2016 189.7288 1.04 0.56 - May 07, 2024
Alfalah GHP Pension Fund VPS-Equity Nov 08, 2016 142.7768 3.81 1.75 - May 07, 2024
Alfalah GHP Pension Fund VPS-Money Market Nov 08, 2016 197.8320 1.03 0.48 - May 07, 2024
Atlas Asset Management Limited
Atlas Pension Fund VPS-Debt Jun 28, 2007 495.6800 0.60 0.25 - May 07, 2024
Atlas Pension Fund VPS-Equity Jun 28, 2007 1,004.2300 2.47 1.50 - May 07, 2024
Atlas Pension Fund VPS-Money Market Jun 28, 2007 467.0400 0.50 0.20 - May 07, 2024
Atlas Pension Islamic Fund VPS-Shariah Compliant Debt Nov 06, 2007 372.0100 0.60 0.25 - May 07, 2024
Atlas Pension Islamic Fund VPS-Shariah Compliant Equity Nov 06, 2007 1,209.9600 2.12 1.50 - May 07, 2024
Atlas Pension Islamic Fund VPS-Shariah Compliant Money Market Nov 06, 2007 399.3100 0.54 0.20 - May 07, 2024
Faysal Asset Management Limited
Faysal Islamic Pension Fund VPS-Shariah Compliant Debt Oct 05, 2021 142.5228 1.14 0.50 - May 07, 2024
Faysal Islamic Pension Fund VPS-Shariah Compliant Equity Oct 05, 2021 163.3631 4.34 1.00 - May 07, 2024
Faysal Islamic Pension Fund VPS-Shariah Compliant Money Market Oct 05, 2021 144.6253 0.78 0.50 - May 07, 2024
Faysal Pension Fund VPS-Debt Oct 05, 2021 138.8202 1.24 0.50 - May 07, 2024
Faysal Pension Fund VPS-Equity Oct 05, 2021 160.9697 4.33 1.00 - May 07, 2024
Faysal Pension Fund VPS-Money Market Oct 05, 2021 142.1130 0.87 0.50 - May 07, 2024
HBL Asset Management Limited
HBL Islamic Pension Fund VPS-Shariah Compliant Debt Dec 15, 2011 260.9737 1.34 0.55 - May 07, 2024
HBL Islamic Pension Fund VPS-Shariah Compliant Equity Dec 15, 2011 548.5556 3.90 1.00 - May 07, 2024
HBL Islamic Pension Fund VPS-Shariah Compliant Money Market Dec 15, 2011 253.6716 1.28 0.55 - May 07, 2024
HBL Pension Fund VPS-Debt Dec 15, 2011 331.3326 1.63 0.90 - May 07, 2024
HBL Pension Fund VPS-Equity Dec 15, 2011 494.2510 3.87 1.00 - May 07, 2024
HBL Pension Fund VPS-Money Market Dec 15, 2011 287.4545 1.59 0.90 - May 07, 2024
JS Investments Limited
JS Islamic Pension Savings Fund VPS-Shariah Compliant Debt Mar 17, 2008 350.1000 2.06 1.00 - May 07, 2024
JS Islamic Pension Savings Fund VPS-Shariah Compliant Equity Mar 17, 2008 992.3200 3.25 1.50 - May 07, 2024
JS Islamic Pension Savings Fund VPS-Shariah Compliant Money Market Mar 17, 2008 324.8700 0.92 0.50 - May 07, 2024
JS Pension Savings Fund VPS-Debt Jun 25, 2007 464.1300 1.55 1.00 - May 07, 2024
JS Pension Savings Fund VPS-Equity Jun 25, 2007 723.5400 3.20 1.50 - May 07, 2024
JS Pension Savings Fund VPS-Money Market Jun 25, 2007 383.1400 0.87 0.50 - May 07, 2024
MCB Investment Management Limited (Formerly: MCB-Arif Habib Savings and Investments Limited)
Alhamra Islamic Pension Fund VPS-Shariah Compliant Debt Nov 02, 2007 353.6600 1.52 1.15 - May 07, 2024
Alhamra Islamic Pension Fund VPS-Shariah Compliant Equity Nov 02, 2007 908.3400 4.17 3.49 - May 02, 2024
Alhamra Islamic Pension Fund VPS-Shariah Compliant Money Market Nov 02, 2007 326.1400 1.37 1.00 - May 07, 2024
Pakistan Pension Fund VPS-Debt Jun 27, 2007 485.4100 2.28 1.30 - May 07, 2024
Pakistan Pension Fund VPS-Equity Jun 27, 2007 851.6500 4.21 3.49 - May 02, 2024
Pakistan Pension Fund VPS-Money Market Jun 27, 2007 430.0900 1.51 1.15 - May 07, 2024
National Investment Trust Limited
NIT Islamic Pension Fund VPS-Shariah Compliant Debt Jun 19, 2015 20.2811 0.92 0.50 - May 03, 2024
NIT Islamic Pension Fund VPS-Shariah Compliant Equity Jun 19, 2015 16.0880 1.54 0.75 - May 03, 2024
NIT Islamic Pension Fund VPS-Shariah Compliant Money Market Jun 19, 2015 20.2999 0.87 0.50 - May 03, 2024
NIT Pension Fund VPS-Commodities / Gold Jun 19, 2015 27.3492 0.96 0.50 - May 03, 2024
NIT Pension Fund VPS-Debt Jun 19, 2015 22.6112 0.89 0.50 - May 03, 2024
NIT Pension Fund VPS-Equity Jun 19, 2015 15.0849 1.57 0.75 - May 03, 2024
NIT Pension Fund VPS-Money Market Jun 19, 2015 22.5028 0.83 0.50 - May 03, 2024
NBP Fund Management Limited
NAFA Islamic Pension Fund VPS-Shariah Compliant Debt Jul 02, 2013 233.5925 1.49 1.02 - May 07, 2024
NAFA Islamic Pension Fund VPS-Shariah Compliant Equity Jul 02, 2013 529.4673 2.52 1.50 - May 07, 2024
NAFA Islamic Pension Fund VPS-Shariah Compliant Money Market Jul 02, 2013 238.5929 1.05 0.67 - May 07, 2024
NAFA Pension Fund VPS-Debt Jul 02, 2013 302.8176 1.50 1.02 - May 07, 2024
NAFA Pension Fund VPS-Equity Jul 02, 2013 553.5091 2.43 1.50 - May 07, 2024
NAFA Pension Fund VPS-Money Market Jul 02, 2013 264.0406 1.41 1.00 - May 07, 2024
Pak-Qatar Family Takaful Limited
Pak Qatar Islamic Pension Fund VPS-Shariah Compliant Debt Dec 01, 2022 127.9105 2.85 1.50 - May 07, 2024
Pak Qatar Islamic Pension Fund VPS-Shariah Compliant Equity Dec 01, 2022 159.5714 2.50 1.50 - May 07, 2024
Pak Qatar Islamic Pension Fund VPS-Shariah Compliant Money Market Dec 01, 2022 119.3698 2.73 1.50 - May 07, 2024
UBL Fund Managers Limited
Al Ameen Islamic Retirement Savings Fund VPS-Shariah Compliant Debt May 19, 2010 295.4736 1.96 1.35 - May 07, 2024
Al Ameen Islamic Retirement Savings Fund VPS-Shariah Compliant Equity May 19, 2010 1,200.4661 2.92 1.24 - May 07, 2024
Al Ameen Islamic Retirement Savings Fund VPS-Shariah Compliant Money Market May 19, 2010 285.3111 1.96 1.42 - May 07, 2024
UBL Retirement Saving Fund VPS-Commodities / Gold Apr 21, 2014 216.4689 6.02 0.60 - May 05, 2024
UBL Retirement Saving Fund VPS-Debt May 19, 2010 421.3722 1.80 1.50 - May 05, 2024
UBL Retirement Saving Fund VPS-Equity May 19, 2010 1,292.3476 1.88 1.33 - May 05, 2024
UBL Retirement Saving Fund VPS-Money Market May 19, 2010 334.1785 1.69 1.25 - May 05, 2024


**TER:Total Expense Ratio.,**MF: Management Fee as percentage of net assets., **S&M: Selling and Marketing expenses as percentage of net assets.

Trustees Details
Trustee Code Trustee Name Trustee Address
CDC Central Depository Company of Pakistan Ltd (CDC) CDC House, 99-B, Block ‘B’, S.M.C.H.S., Main Shahra-e-Faisal, Karachi Tel: (92-21) 111-111-500 Fax: (92-21) 34326031
DCC Digital Custodian Company (Formerly: MCB Financial Services Limited) 4th Floor, Perdesi House, 2/1 R-Y, Old Queens Road, Karachi. 74200, Pakistan. Tel: (92-21) 32419770 Fax: (92-21) 32416371