MUFAP
MUTUAL FUNDS ASSOCIATION OF PAKISTAN
MONTHLY FACT SHEET
JANUARY 2014
Overall results
P
Industry sales for the month of January 2014 were PKR 23,140 million and year to date sales were PKR 193,494 million. Redemption for the month totaled as PKR 18,343 million
and year to date were PKR 175,723 million .
P
Total Mutual Fund Assets under management (AuM) as of January 2014 were PKR 395,245 million as compared to PKR 324,815 million last year, an increase of 21.70 per cent.
P
P
1 out of 24 funds managed to yield return of more than 10 per cent, particularly category of Aggressive fixed income was able to manage the highest return of 11.06* per cent for
the month of January 2014.
Al Meezan Investment Management Limited launched a new fund 'Meezan Capital Preservation Fund III' under the category of Fund of funds on January 31, 2014.
Top Line Metrics
Assets under Management
(PKR Million)
Jan-14
Dec-13
MoM
Net Sales (PKR Million)
Fund category
Jan-14
Dec-13
MoM
Return (%)*
Jan-14
Dec-13
MoM
Open end funds
Equity
Income
Money Market
Aggressive Fixed Income
Asset Allocation
Balanced
Capital Protected
Commodities
Fund of Funds
Index Tracker
Islamic Equity
Islamic Income
Islamic Money Market
Islamic Aggressive Fixed Income
Islamic Asset Allocation
Islamic Balanced Fund
Islamic Capital Protected Fund
Islamic Fund of Funds
Islamic Index Tracker
502
122
2,409
97
147
(17)
(3)
12
(13)
(0)
334
1,636
(525)
63
2
25
(0)
(33)
(2)
4,757
(1,232)
52
9,881
267
50
21
1,013
31
6
(0)
230
(238)
(308)
155
6
(14)
(0)
(18)
8
9,910
141%
134%
-76%
-64%
191%
-181%
-100%
-62%
-322%
-309%
45%
786%
-70%
-59%
-73%
274%
-317%
-85%
-118%
-52%
85,162
47,340
141,252
9,992
6,113
3,556
1,401
369
1,577
385
19,852
36,239
6,206
1,395
1,086
2,603
517
2,747
1,057
368,850
78,104
48,152
137,909
9,666
5,718
3,298
1,388
382
1,549
367
18,400
35,355
6,942
1,375
1,017
2,497
511
2,694
1,020
356,343
9%
-2%
2%
3%
7%
8%
1%
-3%
2%
5%
8%
3%
-11%
1%
7%
4%
1%
2%
4%
4%
7.5%
9.9%
8.6%
11.1%
1.8%
3.0%
1.1%
3.4%
0.2%
4.8%
4.6%
8.2%
7.5%
9.6%
2.6%
2.9%
1.2%
4.1%
3.9%
8.0%
8.7%
8.5%
18.4%
1.8%
3.9%
0.4%
-2.7%
2.4%
3.4%
4.5%
9.1%
7.6%
17.0%
2.5%
2.8%
1.6%
3.3%
3.8%
-6%
14%
2%
-40%
1%
-24%
211%
229%
-92%
41%
3%
-10%
-1%
-43%
4%
2%
-24%
25%
3%
-
-
-
18,082
1,096
1,094
20,273
17,255
1,024
1,083
19,362
5%
7%
1%
5%
5%
7%
12%
5%
12%
7%
-2%
-43%
82%
42
59
101
49
72
122
2,322
3,537
5,859
8%
6%
7.2%
6.1%
7.1%
6.7%
2%
-9%
-17%
2,498
3,731
6,229
6%
4,857
10,032
-52%
395,351
381,564
-3%
Close end funds
Equity
Balanced
Income
Pension funds
General Pension Fund
Islamic Pension Fund
-15%
-19%
* Based on weighted average return of industry
SALES (PKR in Million)
Pension funds
Open end funds
100,000
1,500
80,000
1,000
60,000
500
40,000
20,000
Jul-13
(20,000)
Jul-13
Sales
Redemption
Aug-13
Sep-13
Oct-13
Sales
Net sales
Redemption
NET ASSETS (PKR in Million)
Increase in Net Assets
Open end funds
Nov-13
(500)
Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14
Pension funds
Close end funds
Net sales
Dec-13
Jan-14
Open end funds
Close end funds
Pension funds
368,850
5,355
356,343
5,301
6,229
5,859
5,460
5,286
21,627
5,016
19,642
16,675 17,029
20,273
18,438 19,362
351,140
350,798
341,139
337,799 338,102
Jul-13
Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14
Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14
Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14
Fund category as at January 31, 2014
Open end funds - Conventional
Open end funds - Islamic
1% 9%
4%
1%
3% 2%1%1%
Pension funds
Close end funds
4% 1% 2%
11%
29%
14%
28%
6% 5%
13%
50%
48%
28%
12%
16%
Capital Protected
Income
Aggressive Fixed Income
Asset Allocation
Balanced
89%
Money Market
Equity
Index Tracker
Commodities
Fund of Funds
Islamic Income
Islamic Index Tracker
Islamic Capital Protected Fund
Islamic Fund of Funds
Islamic Aggressive Fixed Income
Islamic Equity
Islamic Balanced Fund
Islamic Money Market
Islamic Asset Allocation
Equity
Balanced
1%
Income
21%
Debt
Money Market
Islamic Debt
Islamic Money Market
Equity
Gold
Islamic Equity
RETURN (Monthly - %) *
Open end funds
15%
Conventional -Absolute
10%
5%
0%
Asset Allocation
20%
Balanced
15%
Capital Protected
10%
Equity
5%
Fund of Funds
0%
Jul-13
Index Tracker
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Conventional - Annualized
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Commodities
-5%
Aggressive Fixed Income
Income
Money Market
-10%
15%
Islamic - Absolute
Islamic Asset
Allocation
Islamic Balanced
Fund
Islamic Capital
Protected Fund
Islamic Equity
10%
5%
0%
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Islamic Fund of
Funds
Islamic Index
Tracker
-5%
-10%
20%
Islamic - Annualized
Islamic Aggressive
Fixed Income
15%
Islamic Income
10%
Islamic Money Market
5%
0%
Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14
Close end funds and pension funds
20%
15%
Close end funds
10%
15%
Pension funds - Islamic
10%
10%
5%
5%
Pension funds - General
0%
Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14
0%
0%
Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14
-10%
-5%
-10%
-20%
Equity
Balanced
Income
Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14
-5%
-10%
Equity
Debt
Money Market
Equity
Gold
Debt
* Based on weighted average return of industry
NOTE:
The information pertaining to sales & redemptions does not reflect the complete industry for the month of January 2014 as it doesnt include data from Pak Oman Funds,
KASB Funds and Habib Funds as the data was not received from them till the date of this publication.
Money Market