UBL Fund

Project Presentation
 Group Members
• Iqtadar Ali(60112)
• Junaid
• Pawan Kumar (62273)
• Zahid Mahmood (59683)
 Asset Management
• Asset management refers to the management of
investments on behalf of others.
• The goal is to grow a client's portfolio over time while
mitigating risk.
• Asset management is a service offered by financial
institutions catering to high net-worth individuals,
government entities, corporations and financial
intermediaries.
 What are Asset Management
Companies?
• An asset management company (AMC) invests pooled funds
from clients into a variety of securities and assets.
• AMCs range from personal money managers, handling high-
net-worth individual accounts, to large investment companies
sponsoring mutual funds.
• AMC managers are compensated via fees, usually a
percentage of a client's assets under management.
• Most AMCs are held to a fiduciary standard.
History of Mutual Funds in Pakistan
• Mutual funds in Pakistan are registered and legally established in the
form of a Trust, under the Trust Act of 1882.
• The mutual fund industry is regulated by, the Securities and
Exchange Commission of Pakistan (SECP) which licenses each
Asset Management Company in strict compliance with the NBFC
Rules, 2003 and requires all AMC’s to obtain an independent rating.
• Mutual funds introduce in Pakistan in 1962, with the public offering
of National Investment T rust followed by the establishment of the
Investment Corporation of Pakistan (ICP) in 1966.
 Portfolio management
• It is the art of making decisions about investment
• asset allocation for individuals and institutions, and balancing
• risk vs. performance.
Portfolio management is all about :
• strengths,
• weaknesses,
• opportunities
• and threats
• in the choice of debt vs. equity, domestic vs. international,
• growth vs. safety, and numerous other tradeoffs encountered
• in the attempt to maximize return at a given appetite for risk.
 Types of Mutual Funds in
Pakistan
• Close-end Funds • Open-end fund
•  Issues irredeemable shares
•  Issues redeemable units
•  Listed
•  Not necessarily listed
•  Conducts AGMs
•  Bestow voting rights to
•  Does not conduct general
• shareholders • meetings of unit holders
•  Shares are acquired from the •  No voting rights of unit holders
• company on initial public offer and •  Each time, units are directly
• from existing shareholders
• acquired from or sold to the
• afterwards
• company through their
•  Shares are trades at market price
• rather NAV reported by the fund • authorized offices
• manager •  Units are traded at NAV
 Mutual fund and Pakistan

• MUFAP (mutual fund association of pakistan) is the trade body for pakistan,s multi
billion rupees asset management industry.
• MUFAP role is to ensure transparency, high ethical conduct and growth of the
mutual fund industry.
• After the establishment of MUFAP in 1996, private and foreign firms were allowed
to float open-ended funds for the general public.
• Mutual Funds were initially overseen by the Corporate Law Authority (“CLA”) under
its Securities Wing.
• The money our members manage is in a wide variety of investment vehicles
including stocks, bonds, money market instruments, government securities and
bank deposits
 Product Offering
• We offer both Conventional and Shariah Compliant
products to suit all investor needs. Our product profile
ranges from conservative, capital protected to high-risk,
offering investors the opportunity to choose amongst a
variety of asset classes.