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Mutual Funds’ Assets Grow 40% In July Amid High Returns

Due to appealing profit rates of above 22%, the assets under mutual funds increased dramatically by 40 percent in July year over year.

According to the Mutual Funds Association of Pakistan (MUFAP), the total assets increased by Rs. 477 billion to an all-time high of Rs. 1.65 trillion as compared to Rs. 1.17 trillion reported in July 2022.

The benchmark KSE-100 Index increased by almost 6,582 points in the previous month of July–23, which equates to a staggering 15.9 percent monthly gain for stocks. It’s important to note that this is the largest monthly return since the market increased by 16.7 percent after the COVID-19 fall on April 20.

Read More: Electricity Prices Rise Despite Unbearable Loadshedding

Mutual fund assets indicated a growth of Rs. 83 billion from Rs. 1.57 trillion in June 2023 during the time period under review.

The amount of money allocated to pension plans rose from Rs. 40.7 billion to Rs. 51.9 billion. Similar to this, the value of Exchange Traded Funds increased from Rs. 171 million in the same period last year to Rs. 322 million this year.

The profit rate offered by various Asset Management Companies on mutual fund investments was dramatically raised by the high policy rate. As a result, there have been significant reported inflows, mostly into low-risk mutual funds including income funds and money market funds.

Investments in mutual funds have increased recently in Pakistan. As funds associated with the equity market perform well, it is anticipated that significant inflows will persist. This may encourage short-term investment in equity market-related funds.

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Syed Sadat Hussain Shah

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