Karachi, March 12, 2020: In Feb-20, total Asset Under Management (AUM) of mutual fund industry plunge by 1.8 percent MoM to PKR700 billion, open-end funds tumble by PKR~12 billion and stood at PKR671 billion.
Category wise analysis revealed, AUM of Money Market Fund plummet by 0.2 percent MoM ,Equity Funds AUM dip by 10.6 percent MoM and Shariah Compliant Equity fall by 14.2 percent.
On the flip side, the Shariah Complaint Income and income fund up by 22.1 percent MoM and 3.8 percent MoM respectively. The declined in equity market fund was owing to the coronavirus outbreak which ruined capital market sentiments and high inflation number of January 2020. Conversely, surged in income funds was due to the high yielding environment.
