Asset Management Companies (AMCs) in Pakistan have achieved a historic milestone, with their total assets surpassing Rs. 3 trillion for the first time in the country’s financial history. This remarkable growth, driven by attractive profit rates ranging from 20 to 25 percent, has continued to attract significant inflows from individual investors and corporations.

The AMCs had previously set a record in January 2024, reaching Rs. 2 trillion in assets under management. By September 2024, this figure surged to Rs. 3 trillion and has since been maintained through October. The high returns, coupled with low-risk investment options, have made AMCs a preferred choice for savings and investments.

According to the Mutual Fund Association of Pakistan (MUFAP), the total value of mutual funds has now reached Rs. 3.44 trillion. These funds are categorized into three main types: open-ended funds, voluntary pension funds, and exchange-traded funds. Open-ended funds dominate the market with a total value of Rs. 3.35 trillion, followed by voluntary pension funds at Rs. 82 billion, and exchange-traded funds at Rs. 526 million.

Within the open-ended funds category, money market funds hold the largest share, with assets exceeding Rs. 1.3 trillion. Income funds have also seen significant growth, attracting over Rs. 1.2 trillion by the end of October 2024. Meanwhile, equity market funds have drawn Rs. 258 billion, benefiting from short-term investments as equity markets offered returns of up to 25 percent in recent weeks.

Among the top-performing AMCs, Al Meezan Investment Management Limited leads the market with assets worth Rs. 611 billion. NBP Fund Management Limited follows with Rs. 422 billion under management, while MCB Investment Management Limited ranks third with Rs. 367 billion in assets. HBL Asset Management Limited secures the fourth position with Rs. 320 billion in assets.

These leading AMCs are also listed on the Pakistan Stock Exchange (PSX), further solidifying their position in the financial sector.