A presentation covered the concept of mutual funds in Pakistan, including their advantages like diversification and professional management. It discussed types of mutual fund schemes structured by objectives and investments. Major mutual fund companies in Pakistan discussed were the National Investment Trust and Al Meezan Investment Management, the largest Shariah-compliant fund. The steps to invest in a mutual fund were also outlined.

2. Presented By;
Nighat Naeem
Aqsa Rasheed
Misbah Fatima
Mamoona Ashraf

3.  INTRODUCTION
 CONCEPT OF A MUTUAL FUND
 ADVANTAGES OF MUTUAL FUNDS
 DISADVANTAGES OF MUTUAL FUNDS
 FREQUENTLY USED TERMS
 TYPES OF MUTUAL FUND SCHEMES
 BY STRUCTURE
 BY INVESTMENT OBJECTIVE
 APPROACHES TO PORTFOLIO
 MANAGEMENT (FUND MANAGEMENT STYLE)
 MUTUAL FUND AND PAKISTAN
 MUFAP (MUTUAL FUND ASSOCIATION OF PAKISTAN)
 TAXATION ON MUTUAL FUNDS
 RULES GOVERN MUTUAL FUNDS
 IN PAKISTAN
 PERFORMANCE OF MUTUAL
 MUTUAL FUND COMPANIES IN PAKISTAN
 NATIONAL INVESTMENT TRUST
 AL MEEZAN MUTUAL FUNDS
 INVESTMENT PROCEDURE

4.  Presented by:
 NIGHAT NAEEM
 MBKM-13-52

5. A mutual fund is an investment vehicle that
pools in the monies of several investors,
and collectively invests this amount in
either the equity market or the debt
market, or both, depending upon the fund’s
objective. This means you can access either
the equity or the debt market, or both,
without investing directly in equity or debt.

7. A Mutual Fund is a trust that pools the savings of
a number of investors who share a common
financial goal. The money thus collected is then
invested in capital market instruments such as
shares, debentures and other securities. The
income earned through these investments and
the capital appreciations realized are shared by
its unit holders in proportion to the number of
units owned by them.

9.  From dividend
 Fund has a capital gain
 The fund's unit price increases

10.  PROFESSIONAL MANAGEMENT
 DIVERSIFICATION
 CONVENIENTADMINISTRATION
 RETURNPOTENTIAL
 LOWCOSTS
 LIQUIDITY

11.  TRANSPARENCY
 FLEXIBILITY
 AFFORDABILITY
 CHOICEOFSCHEMES
 WELLREGULATED
 TAX BENEFITS

12.  NO ASSURED RETURNS AND NO PROTECTION OF
CAPITAL
 RESTRICTIVE GAINS
 TAXES
 MANAGEMENT RISK

13.  Presented by:
 AQSA RASHEED
 MBKM-13-54

14.  NET ASSET VALUE (NAV)

15.  SALE PRICE
 REPURCHASE PRICE
 REDEMPTION PRICE
 SALES LOAD
 REPURCHASE OR ‘BACK-END’LOAD

17.  OPEN-ENDED SCHEMES
 CLOSE-ENDED SCHEMES

18.  GROWTH / EQUITY ORIENTED SCHEMES
 EQUITY FUNDS
◦ INDEX FUNDS
◦ SECTOR FUNDS
 INCOME / DEBT ORIENTED SCHEME

19.  SPECIALIZED FUNDS
◦ ISLAMIC FUNDS
◦ BALANCED FUND
◦ LIQUID FUNDS
◦ BOND FUNDS

20.  ACTIVELY MANAGED FUNDS
 PASSIVELY MANAGED FUNDS

21.  MUFAP
Mutual Funds Association of Pakistan (MUFAP) is the trade
body for Pakistan’s multi billion rupees asset management
industry. MUFAP was formed in 1996 by Mr. Zaigham
Mahmood Rizvi, ex-Chairman and founder member, and was
formally licensed in 2001 as a public limited company (by
guarantee) under Section 42 of the Companies Ordinance,
1984 by Ministry of Commerce (MOC) and is thus a quasi legal
entity. After the establishment of MUFAP in 1996, private and
foreign firms were allowed to float open-ended funds for the
general public.

22. The CMDP envisaged formation of four types of Self-Regulated
Organizations (“SROs”) to function under the SECP:
◦ Stock Exchanges recognized as separate SROs;
◦ Mutual Funds Association of Pakistan (MUFAP);
◦ Leasing Association of Pakistan (LAP); and
◦ Modaraba Association of Pakistan (MAP).

24.  Presented by:
 MISBAH FATIMA
 MBKM-13-27

25.  NATIONAL INVESTMENT TRUST LIMITED
 Al Meezan Investment Management
Limited

26.  The National Investment Trust Limited (NITL) is the first
Asset Management Company of Pakistan, formed in
1962, had Funds under management of Rs. 87 billion,
with approximately 53,936 unit holders as on December
31, 2013. NIT's distribution network comprises of 23
branches, various Authorized bank branches all over
Pakistan. The Trust constituted under the Trust Deed
dated 12th November 1962, executed between National
Investment Trust Ltd (NITL) as Management Company
and National Bank of Pakistan as Trustee.

27.  VISION:
 Be recognized as the beacon of positive change in the Capital
Markets. Leading by example, with an aim to provide the
necessary opportunity to all the stakeholders and to
contribute towards healthy growth of the industry.
 MISSION
 To serve the investors by providing best possible return on
their investments and to invest in the Capital Markets in a
manner, which could provide depth for the investors and
necessary capital to the industry.

28. 1-National Investment Unit Trust (NIUT)
2-NIT – State Enterprise Fund
3-NIT-EMOF

29. 4-NIT(GBF)
5- NIT(IF)

30. • Sharing in diversified portfolio.
• Continuous attractive return.
• Expertise of experienced and professional managers.
• Tax benefits on investment.
• Easily en-cashable.
• Operations under strict adherence to Government regulations.
• Investment in NI(U)T units starts with a small amount of
Rs.5,000/=.
• Qualify as collateral for availing bank financing.

31. • Full disclosure.
• Investor who wishes to choose the growth path, has the option to
reinvest his/her dividend income in the existing fund by which
he/she will
get additional Units equivalent to his/her dividend amount at the rate
of opening NAV.
• NIT enables the common man to participate in the industrial growth
of the country by
becoming a part of that company.
• It helps to make ownership of the industrial projects more broad
based.

32. • It minimizes the risk of investment as compared to individual
investment in Stock Market.
• Investment decisions at NIT are based on company specific and
sector related detailed
analysis of information which may not be readily accessible to an
individual.
• By investing in NIT units, the unit holder is indirectly investing in the
shares quoted on stock exchanges and reaps the benefits of
professional decision making.

33.  Presented by:
 MAMOONA ASHRAF
 MBKM-13-13

34. Al Meezan Investment Management Limited (Al Meezan) is
the largest Shariah compliant asset management company in
Pakistan with a solid track record of over 18 years of fund
management. Incorporated on 27th February 1995, it is a
group company of Meezan Bank Limited and Pakistan Kuwait
Investment Company Private Limited and is currently
managing assets of over Rs.53 Billion.

35. Al Meezan is registered as a Non Banking Finance Company
under the Non Banking Finance Companies (Establishment
and Regulation) Rules, 2003 and NBFC Entities Regulations
2007 with the Securities and Exchange Commission of
Pakistan (SECP) to carry on the business of asset management
and investment advisory. Al Meezan is a member of the
Mutual Funds Association of Pakistan (MUFAP). As an
Investment Adviser, Al Meezan is authorized to manage
discretionary and non-discretionary portfolios for its clients. It
has also been licensed as Pension Fund Manager to manage
Voluntary Pension Funds under Voluntary Pension System
Rules, 2005. Al Meezan has got Management Quality Rating
“AM2” assigned by JCR-VIS.

36. "To promote professional fund management through
development and implementation of Shariah compliant
investment products, policies and practices designed to meet
the investment objectives of the investors."

37. “To be the leading Shariah compliant asset management
company providing quality service to institutional and
individual investors utilizing modern techniques of portfolio
management, proactive asset allocation and prudent security
selection while maintaining high standards of ethical and
professional conduct.”

38. 1-Meezan Islamic Fund
 Risk Diversification
 Cost Efficiencies
 Professional Management
 Tax Credit
 Healthy Return
 Affordability

39. 2-Meezan Islamic Income Fund
3-Meezan Cash Fund
4-Al Meezan Mutual Fund
5-Meezan Balanced Fund
6-Meezan Capital Preservation Fund
7-Meezan Capital Protected Fund - II

40. ◦ Obtaining Form
◦ Filling Out The Form
 Documents required with Account Opening Form
In case of Individual Investor:
 Copy of CNIC/ NICOP/Copy of passport
 Copy of Zakat Affidavit form for Zakat deduction exemption
 In case of Institutional Investor:
 Memorandum and Articles of Association/ Bye Laws/ Trust Deed.
 Power of Attorney or List of authorized signatories
 Copy of CNICs of authorized signatories
 Board resolution authorizing the investment
 Any other document

41. ◦ Making The Payment
 The payment can be made in the following modes:
 Cheque
 Pay-order
 Demand Draft
◦ Submitting The Form And Payment Instrument