Posts tagged as: Mutual

Monthly payment: Returns of 16 mutual funds higher than benchmark

KARACHI: Monthly returns of 16 out of the 21 equity-based conventional mutual funds operating in Pakistan remained higher than the benchmark index in November. According to data compiled by the Mutual Funds Association of Pakistan (MUFAP), five funds in November underperformed the Karachi Stock Exchange (KSE)-100 Index, which is typically the benchmark for almost all conventional […]

October’s return: 11 equity-based mutual funds outperform index

KARACHI:  Monthly returns of 11 out of the 21 equity-based conventional mutual funds operating in Pakistan remained higher than the benchmark index in October. According to data compiled by the Mutual Funds Association of Pakistan (MUFAP), 11 funds in October outperformed the Karachi Stock Exchange (KSE)-100 Index, which is typically the benchmark for almost all […]

Equity market: Good year for mutual funds as profits soar

KARACHI: With improving fundamentals of the economy in recent weeks, mutual funds are getting more comfortable in allocating a larger portion of their assets to equities, latest data on leading stock funds shows. The Karachi Stock Exchange (KSE)-100 Index has risen 27.5% since the beginning of the fiscal year. As many as 10 out of a […]

State Bank of Pakistan and FIA sign MoU to further strengthen mutual coordination & cooperation

KARACHI: The State Bank of Pakistan (SBP) and Federal Investigation Agency (FIA) on Monday signed a Memorandum of Understanding (MoU) to further forma Karachi News Sources

Mutual benefits: Pak-India trade can be enhanced to $25 billion

KARACHI:  President of the Southern Gujarat Chamber of Commerce and Industry (SGCCI) India, Kamlesh Yagnik, has said it is possible to enhance the existing billion trade volume to billion in the next 10 years through collective efforts of business communities of Pakistan and India. “I am confident it can be achieved through collective efforts of […]

Mutual benefits: Pak-India trade can be enhanced to $25 billion

KARACHI:  President of the Southern Gujarat Chamber of Commerce and Industry (SGCCI) India, Kamlesh Yagnik, has said it is possible to enhance the existing billion trade volume to billion in the next 10 years through collective efforts of business communities of Pakistan and India. “I am confident it can be achieved through collective efforts of […]

Mutual benefits: Pak-India trade can be enhanced to $25 billion

KARACHI:  President of the Southern Gujarat Chamber of Commerce and Industry (SGCCI) India, Kamlesh Yagnik, has said it is possible to enhance the existing billion trade volume to billion in the next 10 years through collective efforts of business communities of Pakistan and India. “I am confident it can be achieved through collective efforts of […]

Mutual benefits: Pak-India trade can be enhanced to $25 billion

KARACHI:  President of the Southern Gujarat Chamber of Commerce and Industry (SGCCI) India, Kamlesh Yagnik, has said it is possible to enhance the existing billion trade volume to billion in the next 10 years through collective efforts of business communities of Pakistan and India. “I am confident it can be achieved through collective efforts of […]

Fund of funds: UBL’s mutual fund IPO attracts Rs825 million

KARACHI: UBL Fund Managers attracted a total investment of Rs825 million in the initial public offer (IPO) of its UBL Principal Protected Fund II (UPPF II), which took place on July 15-17, a company representative told The Express Tribune on Wednesday. “UPPF II is yet another feat for us, as it has generated investments of over […]

Mutual funds industry opposes duty on asset management companies

KARACHI:  Given its reputation as a pro-business political party, many expected the Pakistan Muslim League-Nawaz (PML-N) would try and broaden the tax net instead of forcing existing taxpayers to cough up more money to run an outsized government machinery. However, the imposition of a federal excise duty (FED) at the rate of 16% on asset […]

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