Pakistan's mutual fund AUM hit record high of Rs1.97tr in November

December 13, 2023 (MLN): The Assets Under Management (AUM) of Pakistan’s Mutual Funds Industry have reached an all time highe level of Rs1.965 trillion in November, reflecting a growth of 5% MoM compared to Rs1.872tr in October.

According to the data made available by the Mutual Funds Association Of Pakistan (MUFAP), the equity AUMs have surged by 17.9% YoY to Rs116.23 billion, against the equity AUMs of Rs98.58bn in the corresponding month.

The majority share among AUMs was of money market assets, comprising 27.87% and totaling Rs547.71bn.

However, with respect to growth perspective, money market AUMs have declined by 4.6% MoM compared to Rs573.85bn in the previous month.

The second-highest value of AUM in the mutual fund industry was attributed to Shariah-compliant money market AUMs, accounting for a share of 23.37%.

Shariah-compliant money market AUM stood at Rs459.284bn, showing a significant decline of 5.7% MoM during the review period.

Conversely, the highest growth was witnessed in Fixed return AUM, as they surged by 32.7% MoM to Rs66.41bn in November 2023.

Similarly, Shariah-compliant income AUM increased by 21% MoM to Rs337.93bn, in comparison to Rs279.21bn in the corresponding month.

For the review month, other AUM categories encompass Income, Aggressive Fixed Income, and Shariah-Compliant Equity AUMs, totaling at Rs247.08bn, Rs22.42bn and Rs52.04bn respectively.

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