Summary of NBFCs, NEs.

& Modarabas Sector

January 2020

Securities & Exchange Commission of Pakistan

Specialized Companies Division
Supervision and Enforcement Department

DISCLAIMER:
The information presented hereunder is based on information submitted by NBFIs through Specialized
Companies Return System (SCRS) to SECP on monthly basis.
 Table of Contents
SNAPSHOT OF NBFI INDUSTRY AS OF JANUARY 31, 2020 .................................................................................................................. 1

Trend of growth in Total Assets of NBFI Industry ............................................................................................................................ 2

Breakup of Shariah Compliant and Conventional Assets of NBFI Industry ...................................................................................... 3
MUTUAL FUNDS & PLANS ................................................................................................................................................................... 4

Trend of Total Assets and Number of Mutual Funds & Plans .......................................................................................................... 4
Trend of Category-Wise Position of Total Assets of Mutual Funds .................................................................................................. 5
Trend of Total Assets of Conventional and Shariah Compliant Mutual Funds & Plans ................................................................... 6
Asset Allocation of Mutual Funds .................................................................................................................................................... 7
Trend of Total Assets of Mutual Funds during the last 6 Months .................................................................................................... 7
Detail of Investor Accounts in Open End Mutual Funds .................................................................................................................. 8
VOLUNTARY PENSION SCHEMES / FUNDS .......................................................................................................................................... 9

Trend of Total Assets of Pension Funds ........................................................................................................................................... 9

Category-Wise Position of Total Assets of Pension Funds ............................................................................................................. 10
Trend of Total Assets of Conventional and Shariah Compliant Pension Funds .............................................................................. 11
Asset Allocation of Pension Funds ................................................................................................................................................. 12
Detail of Investor Accounts in Pension Funds ................................................................................................................................ 12
DISCRETIONARY / NON-DISCRETIONARY PORTFOLIOS ..................................................................................................................... 13

Trend of Total Assets of Discretionary / Non-Discretionary Portfolios .......................................................................................... 13

REAL ESTATE INVESTMENT TRUST AND PRIVATE EQUITY & VENTURE CAPITAL FUND .................................................................... 14

Trend of Total Assets of Real Estate Investment Trust And Private Equity & Venture Capital Fund ............................................. 14
LEASING COs, MODARABAS, INVESTMENT BANKS AND NON-BANK MICROFINANCE COs .............................................................. 15

Trend of Total Assets of Leasing Cos, Modarabas, Investment Banks and Non-Bank Microfinance Cos....................................... 15
Asset Allocation of Leasing Companies, Modarabas, Investment Banks & Non-Bank Microfinance Companies .......................... 16
Leverage profile of Leasing Companies, Modarabas, Investment Banks and Non-Bank Microfinance Companies ...................... 17
Deposit raising of Leasing Companies, Modarabas & Investment Banks ...................................................................................... 18
ADDITIONAL REPORTS PERTAINING TO MUTUAL FUNDS/PLANS ..................................................................................................... 19

Category wise Issuance & Redemption in Conventional Collective Investment Schemes during the month ............................... 20
Category wise Issuance & Redemption in Shariah Compliant Collective Investment Schemes during the month ....................... 21
Category Wise Break up of Assets Under Management -Conventional Collective Investment Schemes ...................................... 22
Category Wise Break up of Assets Under Management - Shariah Compliant Collective Investment Schemes ............................. 23
Region wise Issuance & Redemptions in Conventional Collective Investment Schemes during the month ................................. 24
Region wise Issuance & Redemptions in Shariah Compliant Collective Investment Schemes during the month ......................... 26
Number of New Accounts Opened in Collective Investment Schemes during the month ............................................................ 28
Region-wise Assets Under Management ....................................................................................................................................... 30
 SNAPSHOT OF NBFI INDUSTRY AS OF JANUARY 31, 2020

Total Assets Percentage of

Sector No. of Entities
(Rs in Billion) Total Assets
Asset Management Companies/ Investment 23 40.71 3.00%
Advisors
Mutual Funds (211) and Plans (93) 212 734.50 54.17%
Discretionary & Non-Discretionary Portfolios - 233.78 17.24%
Pension Funds 19 30.59 2.26%
REIT Management Companies 6 05.95 0.44%
Real Estate Investment Trust (REIT Scheme) 1 49.75 3.67%
Investment Banks 11 65.35 4.82%
Non-Bank Microfinance Companies 26 123.92 9.14%
Leasing Companies 7 10.65 0.79%
Modarabas 28 53.74 3.96%
Private Equity Companies 4 00.10 0.01%
Private Equity & Venture Capital Funds 5 06.78 0.50%
Total 342 1,355.83 100.00%

Note 1: Direction no. 12 of 2017 dated April 27, 2017 requires AMCs to exclude the amount invested by fund of fund schemes in underlying
funds managed by the same AMC while publishing the amount of assets under its management in advertisements. Accordingly, if the
amount invested by fund of fund schemes in underlying funds of the same AMC (which is Rs25,026 million) is deducted from AUMs of
the industry, the total assets under management of the industry amounted to the tune of Rs709,477 million, as of January 31, 2020.

Note 2: The information pertaining to RMCs is based on their latest available accounts for the period ended on September 30, 2019 in the
above table, whereas, one NBFC (which holds license of investment advisor services) has been granted license to undertake REIT
Management services in December 2019 and its assets are included in the assets of AMCs/IAs in the above table.

Note 3: Two NBFCs (which holds licenses for Asset Management & Investment Advisory Services) have also been authorized to act as Private
Equity Company. The companies’ assets are included in the assets of AMCs/IAs in the above table.

Snapshot of NBFI Industry as of Januray 31, 2020

(Percentage of total assets)

Mutual Funds, 54.17%

AMCs / IAs, 3.00%

Discretionary / Non-
Private Equity & Venture Discretionary Porfolios,
Capital Funds, 0.50% 17.24%

Private Equity Companies, Pension Funds, 2.26%

0.01%
REIT Management
Companies, 0.44%
Modarabas, 3.96%
Non-Bank Microfinance
Companies, 9.14% Real Estate Investment
Leasing Companies, 0.79% Trust (REIT Scheme), 3.67%

Investment Banks, 4.82%

Securities & Exchange Commission of Pakistan 1

Specialized Companies Division - Supervision and Enforcement Department
 Trend of growth in Total Assets of NBFI Industry

Description Jun-13 Jun-14 Jun-15 June-16 June-17 June-18 June-19 Jan-20

Total Assets (Rs. In billion) 584.77 638.83 739.60 917.92 1,196.19 1,228.50 1,137.85 1,355.83

Growth Since Last June 1.36% 9.24% 15.77% 24.11% 30.32% 2.70% -7.38% 19.16%

Growth since June 30, 2013 till

131.86%
Jan 31, 2020

Compound Annual Growth Rate

13.63%
June 30, 2013 to Jan 31, 2020

Trend of growth in Total Assets of NBFI Industry

(Rs in billion & Growth figures in percentage)

1,450.00
1,355.83
1,350.00
1,228.50
1,196.19
1,250.00 1,137.85 19.16%
1,150.00 2.70% -7.38%
1,050.00 30.32%
917.92
950.00
850.00 739.60
750.00 24.11%
638.83
650.00 584.77 15.77%
550.00 9.24%
450.00
350.00
Jun-13 Jun-14 Jun-15 June-16 June-17 June-18 June-19 Jan-20

Securities & Exchange Commission of Pakistan 2

Specialized Companies Division - Supervision and Enforcement Department
 Breakup of Shariah Compliant and Conventional Assets of NBFI Industry
(Rs. in billion)
Description Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun -18 June-19 Jan-20

Conventional Assets 484.73 524.73 543.49 663.74 807.39 837.66 797.82 954.64

Shariah Compliant Assets 100.04 114.10 196.11 254.18 388.75 390.84 340.03 401.19

Total Assets 584.77 638.83 739.60 917.92 1,196.14 1,228.50 1,137.85 1,355.83

Share of Conventional Assets 82.9% 82.1% 73.5% 72.3% 67.5% 68.2% 70.1% 70.4%

Share of Shariah Compliant Assets 17.1% 17.9% 26.5% 27.7% 32.5% 31.8% 29.9% 29.6%

Conventional Assets - Growth since June 2013 till Jan 2020 96.94%

Shariah Compliant Assets - Growth since June 2013 till Jan 2020 301.01%
Compound Annual Growth Rate (June 2013 to Jan 2020)-Conventional Assets 10.85%
Compound Annual Growth Rate (June 13 to Jan 2020)-Shariah Compliant Assets 23.50%

Note. Shariah Compliant assets include assets of Shariah Compliant Mutual Funds, Shariah Compliant Pension Funds, REIT
Scheme and Shariah compliant Modarabas, while rest of the assets of NBFI industry is conventional assets.

Breakup of Shariah compliant and Conventional Assets of NBFI Industry

(Rs in billion & Percentage of Total Assets)

1600.00
401.19
1400.00 388.75 390.84 29.6%
31.8% 340.03
32.5%
1200.00 29.9%
254.18
1000.00 27.7%
196.11
114.10
800.00 100.04 26.5%
17.9%
600.00 17.1% 954.64
807.39 837.66 797.82 70.4%
400.00 524.73 543.49 663.74
484.73 68.2% 70.1%
72.3% 67.5%
82.9% 82.1% 73.5%
200.00

0.00
June-13 June-14 Jun-15 June-16 June-17 June-18 June-19 Jan-20
Conventional Assets Shariah Compliant Assets

Securities & Exchange Commission of Pakistan 3

Specialized Companies Division - Supervision and Enforcement Department
 MUTUAL FUNDS & PLANS

Trend of Total Assets and Number of Mutual Funds & Plans

(Rs in billion)

Description Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 June-19 Jan-20

Total Assets (Rs. in billion) 402.15 452.01 492.24 546.22 710.03 678.86 577.64 734.50
Growth since last June -1.91% 12.40% 8.90% 10.97% 29.99% -4.39% -14.91% 27.16%
Number of Mutual Funds 146 159 166 172 177 190 203 212
Number of Plans 3 3 6 27 51 72 94 93
Total Number of Mutual
149 162 172 199 228 262 297 305
Funds & Plans
Growth since June 2013 till Jan 2020 82.64%

Compound Annual Growth Rate June 2013 to Jan 2020 9.59%

Trend of Total Assets & Number of Mutual Funds & Plans

(Annual Growth of total assets in percentages)
1,100.00 93 Plans

51 Plans 72 Plans
94 Plans
900.00 212
177

No. of Funds & Plans

27 Plans 190
6 Plans -4.39% 203
734.50
Rs in billion

700.00 3 Plans
172 710.03 -14.91% 27.16%
3 Plans 29.99%
166 678.86
159 10.97%
577.64
500.00 146 8.90% 546.22
- 12.40% 492.24
452.01
402.15
300.00

100.00
Jun-13 Jun-14 Jun-15 Jun-16 June-17 June-18 June-19 Jan-20
Total Assets (Rs. in billion) Total Number of Mutual Funds Number of Plans

Securities & Exchange Commission of Pakistan 4

Specialized Companies Division - Supervision and Enforcement Department
 Trend of Category-Wise Position of Total Assets of Mutual Funds
(Rs. in billion)

Description Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 June-19 Jan-20

Equity 133.22 157.03 198.29 220.80 341.00 280.37 196.37 228.16

Income 94.86 106.45 116.82 149.52 126.09 116.85 121.49 153.79

Money Market 142.81 132.47 97.59 69.86 84.74 146.25 167.93 261.30

Others 31.26 56.06 79.54 106.04 158.20 135.39 91.85 91.25

Total 402.15 452.01 492.24 546.22 710.03 678.86 577.64 734.50

Note. Others Include Asset Allocation, Aggressive Asset Allocation, Aggressive Income, Balanced, Capital Protected, Commodity,
Fund of Funds, Index Tracker and Sector Specific Funds.
Trend of Category-Wise position of Total Assets of Mutual Funds &
Plans
(Rs in billion)
700.00 91.25
158.20
650.00
600.00 135.39
550.00
106.04 91.85
500.00 84.74
146.25 261.30
450.00 79.54
56.06
400.00 31.26 69.86 126.09 167.93
350.00 97.59
132.47 116.85
300.00 142.81 149.52 153.79
250.00 116.82 121.49
200.00 106.45
94.86 341.00
150.00 280.37
100.00 198.29 220.80 196.37 228.16
133.22 157.03
50.00
-
Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 June-18 June-19 Jan-20

Equity Income Money Market Others

Securities & Exchange Commission of Pakistan 5

Specialized Companies Division - Supervision and Enforcement Department
 Trend of Total Assets of Conventional and Shariah
Compliant Mutual Funds & Plans
(Rs. in billion)

Description Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jan -20

Total Assets of Conventional

336.85 372.93 358.63 367.48 401.38 404.95 354.01 456.46
Mutual Funds
Total Assets of Shariah Compliant
65.38 79.08 133.61 178.74 308.65 273.91 223.63 278.05
Mutual Funds
Total Assets of Mutual Funds 402.23 452.01 492.24 546.22 710.03 678.86 577.64 734.50
Share of Conventional Mutual
84% 83% 73% 67% 57% 60% 61% 62%
Funds
Share of Shariah Compliant Mutual
16% 17% 27% 33% 43% 40% 39% 38%
Funds
Conventional Mutual Funds -
-6.46% 10.71% -3.83% 2.47% 9.22% 0.89% -12.58% 29.07%
Growth since last June
Shariah Compliant Mutual Fund -
31.07% 20.95% 68.96% 33.78% 72.68% -11.26% -18.36% 24.33%
Growth since last June
Conventional Mutual Funds - Growth since June 2013 till Jan 2020 35.51%

Shariah Compliant Mutual Fund -Growth since June 2013 till Jan 2020 325.28%
Compound Annual Growth Rate - June 2013 to Jan 2020-Conventional
4.73%
Mutual Funds
Compound Annual Growth Rate - June 2013 to Jan 2020-Shariah
24.61%
Compliant Mutual Fund

Trend of Total Assets of Conventional and Shariah Compliant Mutual Funds & Plans
(Rs. in billion & percentage of total assets)
800.00

700.00
278.05
600.00 273.91
308.65 40% 38%
500.00 178.74 43% 223.63
79.08 133.61 33% 39%
400.00 65.38 17% 27%
16%
300.00 456.46
367.48 401.38 404.95
358.63 353.64
336.85 372.93 57% 60% 62%
200.00 73% 67% 61%
84% 83%
100.00

0.00
Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 June-18 June-19 Jan-20
Total Assets of Conventional Mutual Funds Total Assets of Shariah Compliant Mutual Funds

Securities & Exchange Commission of Pakistan 6

Specialized Companies Division - Supervision and Enforcement Department
 Asset Allocation of Mutual Funds

Asset Allocation of Mutual Funds as of January 31, 2020

(Rs in billion & percentage of Total Assets)

Equity Government Securities

Rs247.54 Rs167.88
33.70% 22.86%

Others
Rs36.75 Debt Securities
5.00% Rs49.95
6.80%

Bank Balances /
Placements / Deposits
with FIs
Rs232.39
31.64%

Trend of Total Assets of Mutual Funds during the last 6 Months

Trend of Total Assets of Mutual Funds during the last 6 Months

(Rs. in billion)
800.00

750.00 734.50
724.10

700.00 692.19

650.00 642.81
605.70
600.00 580.26

550.00

500.00
Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20

Securities & Exchange Commission of Pakistan 7

Specialized Companies Division - Supervision and Enforcement Department
 Detail of Investor Accounts in Open End Mutual Funds

Value of Investment as at
No. of Active Investor % of total
Description Jan 31, 2020 (Rs. In
Accounts as at Jan 31, 2020 Investment Value
Millions)

Resident
Individuals 317,915 268,703.86 38.07%
Associated Banks/DFIs/AMCs 59 35,762.76 5.07%
Other Banks/DFIs 176 9,279.28 1.31%
Insurance Companies 300 27,588.88 3.91%
Other financial institutions 137 15,973.90 2.26%
Other Corporates 2,490 207,637.16 29.41%
Fund of funds 71 21,581.88 3.06%
Retirement funds 2,556 92,707.59 13.13%
Trusts/NGOs/Societies/Foundations/Charities 1,107 24,265.04 3.44%
Foreign
Individuals 559 2,239.38 0.32%
Non-Individuals 15 159.61 0.02%
Total 325,385 705,899.35 100.00%

Note 1. Number of active investor accounts i.e. Accounts having more than zero balance as at January 31, 2020 are
325,385
Number of investor accounts having zero balance at January 31, 2020 are 285,452
Total number of investor accounts (Including accounts with zero and more than zero balance) as at January 31,
2020 are 610,837
Note 2. The above table shows the number of investor accounts in open end mutual funds only.

Note 3. The number of investors’ accounts is different from the number of investors in mutual fund industry i.e. If
Investor A has opened three accounts with three different Asset management companies, the same shall be
reported as three investor accounts instead of one investor.

Securities & Exchange Commission of Pakistan 8

Specialized Companies Division - Supervision and Enforcement Department
 VOLUNTARY PENSION SCHEMES / FUNDS

Trend of Total Assets of Pension Funds

(Rs. in million)

Description Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 June -19 Jan- 20

Total Assets 4,854 8,310 13,894 19,317 25,770 26,828 26,498 30,594

Growth since last June 75% 71% 67% 39% 33% 4.11% -1.23% 15.46%

Trend of Total Assets of Pension Funds

(Rs. in million & Growth Figures in Percentage)
33,000
30,594
30,000
26,828 26,498
27,000 25,770 15.46%
4.11% -1.23%
24,000
21,000 19,317 33%

18,000
15,000 13,894 39%

12,000
1,575 67%
9,000
6,000 4,854
71%
3,000
-
Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 June-18 June-19 Jan-20

Securities & Exchange Commission of Pakistan 9

Specialized Companies Division - Supervision and Enforcement Department
 Category-Wise Position of Total Assets of Pension Funds
(Rs in million)

Description Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 June-19 Jan-20

Equity Sub-Fund 1,866 3,625 7,029 10,312 14,890 14,022 11,179 12,308

Debt Sub-Fund 1,739 2,887 4,439 5,923 6,979 7,608 7,957 8,163

Money Market Sub-

1,250 1,733 2,285 2,921 3,731 5,054 7,172 9,906
Fund

Commodity Sub-Fund - 65 140 161 170 144 189 217

Total 4,855 8,310 13,894 19,317 25,770 26,828 26,498 30,594

Category-wise Position of Total Assets of Pension Funds

(Rs. in million)
16,000 14,890
14,022
14,000
12,308
12,000 11,179
10,312
9,906
10,000
7,957 8,163
7,608
8,000 6,979 7,172
7,029
5,923
6,000 5,054
4,439
4,000 3,625 3,731
2,887 2,921
1,866 1,739 2,285
2,000 1,733
1,250 161 170 144 189 217
-
Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 June-19 Jan-20
Equity Sub-Fund Debt Sub-Fund Money Market Sub-Fund Commodity Sub-Fund

Securities & Exchange Commission of Pakistan 10

Specialized Companies Division - Supervision and Enforcement Department
 Trend of Total Assets of Conventional and Shariah Compliant Pension Funds
(Rs. in million)

Description Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 June-19 Jan-20

Shariah Compliant Pension Funds 2,994 4,991 7,899 11,741 16,426 17,042 16,862 19,652
Conventional Pension Funds 1,860 3,319 5,995 7,576 9,344 9,786 9,636 10,941

Total assets of Pension Funds 4,854 8,310 13,894 19,317 25,770 26,828 26,498 30,594
Share of Shariah Compliant Pension
62% 60% 57% 61% 64% 64% 64% 64%
Funds

Share of Conventional Pension Funds 38% 40% 43% 39% 36% 36% 36% 19,652

Compound Annual Growth Rate (June 13 to Jan 2020) Shariah Compliant Pension Fund 33.10%
Compound Annual Growth Rate (June 13 to Jan 2020) Conventional Pension Fund 30.90%

Trend of Total Assets of Conventional and Shariah Compliant Pension

Funds
(Rs in million & percentage of Total Assets)
33,500
30,500
10,941
27,500 36%
9,786 9,636
9,344
24,500 36% 36%
36%
21,500
7,576
18,500
39% 19,652
16,426 17,042 16,862
15,500 64%
64% 64% 64%
12,500 5,995 11,741
43%
9,500 3,319 61%
6,500 1,860 40% 7,899
38%
4,991 57%
3,500 2,994
60%
62%
500
Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 June-18 June-19 Jan-20
Shariah Compliant Pension Fund

Securities & Exchange Commission of Pakistan 11

Specialized Companies Division - Supervision and Enforcement Department
 Asset Allocation of Pension Funds

Asset Allocation of Pension Funds as of January 31, 2020

(Rs in million & Percentage of Total Assets)

Equity Securities
Government Securities Rs12,773.73
Rs4,940.52 41.75%
16.15%

Debt Securities
Rs1,576.09
5.15%

Bank Balances
Other Assets Rs9,600.04
Rs1,703.30 31.38%
5.57%

Detail of Investor Accounts in Pension Funds

No. of Active Investor Accounts Value of Investment as at % of total

Description
as at Jan 31, 2020 Jan 31, 2020 (Rs. In Millions) Investment Value

Resident
Individuals 33,704 27,094.12 89.98%
Associated Banks/DFIs/AMCs 14 2,324.77 7.72%
Other financial institutions 1 362.172 1.20%
Foreign
Individuals 8 329.10 1.09%
Non-Individuals - - 0.00%
Total 33,727 30,110.16 100.00%

Note. 1. Number of active investor accounts i.e. Accounts having more than zero balance as at January 31, 2020 are
33,727
Number of investor accounts having zero balance as at January 31, 2020 are 14,541
Total number of investor accounts (Including accounts with zero and more than zero balance) as at January
31, 2020 are 48,268

Note. 2. The number of investors’ accounts is different from the number of investors in pension fund industry i.e. If
Investor A has opened three accounts with three different pension fund managers, the same shall be
reported as three investor accounts instead of one investor.

Securities & Exchange Commission of Pakistan 12

Specialized Companies Division - Supervision and Enforcement Department
 DISCRETIONARY / NON-DISCRETIONARY PORTFOLIOS

Trend of Total Assets of Discretionary / Non-Discretionary Portfolios

(Rs. in million)

Description Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jan-20

Discretionary Portfolios 23,267 35,857 53,054 89,318 97,414 20,601 114,611 143,674

Non-Discretionary
33,217 36,258 43,555 49,911 43,709 32,336 83,024 90,105
Portfolios

Total Assets of Portfolios 56,484 72,115 96,609 139,229 141,123 152,937 197,635 233,779

Trend of Total Assets of Discretionary / Non-Discretionary Portfolios

(Rs in million)

250,000

200,000 90,105

83,024
150,000 32,336
49,911 43,709
100,000
43,555 143,674
36,258 120,601 114,611
50,000 24,199 30,148 33,217 89,318 97,414
53,054
23,267 35,857
10,793 14,255
-
Jun- 11 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 June -19 Jan-20

Discretionary Porfolios Non-Discretionary Porfolios

Securities & Exchange Commission of Pakistan 13

Specialized Companies Division - Supervision and Enforcement Department
 REAL ESTATE INVESTMENT TRUST AND PRIVATE EQUITY & VENTURE CAPITAL
FUND

Trend of Total Assets of Real Estate Investment Trust And Private Equity & Venture
Capital Fund

(Rs in million)

Description Jun-16 Jun-17 Jun-18 June -19 Jan-20

Real Estate Investment Trust 27,165 42,280 41,840 46,054 49,754

Private Equity & Venture Capital Fund - - 4,980 6,568 6,779

Total Assets 27,165 42,280 46,820 52,622 56,533

Trend of Total Assets of Real Estate Investment Trust & Private Equity &
Venture Capital Fund
(Rs in billion)
60,000
49,754
50,000 46,054
42,280 41,840

40,000

27,165
30,000

20,000

6,568 6,779
10,000 - 4,980
-

-
Jun-16 Jun-17 Jun-18 June -19 Jan-20

Real Estate Investment Trust

Securities & Exchange Commission of Pakistan 14

Specialized Companies Division - Supervision and Enforcement Department
 LEASING COs, MODARABAS, INVESTMENT BANKS AND NON-BANK
MICROFINANCE COs

Trend of Total Assets of Leasing Cos, Modarabas, Investment Banks and Non-Bank
Microfinance Cos.
(Rs in billion)

Description Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 June -19 Jan -20

Leasing Companies 34.51 35.66 40.27 42.26 43.32 10.36 10.16 10.65

Modaraba 31.67 30.03 31.10 36.54 44.08 52.94 53.45 53.74

Investment Banks 12.38 11.08 10.17 9.86 20.70 58.31 63.19 65.35

Non-bank
Microfinance - - - - 61.49 97.17 114.21 123.92
Companies

Trend of Total Assets of Leasing Companies, Modarabas, Investment

Banks and Non-Bank Microfinace Companies
140.00 (Rs in billion)
123.92
120.00 114.21
97.17
100.00

80.00
61.49 63.19 65.35
58.31
60.00 52.94 53.45 53.74
42.26 44.08
35.66 40.27
40.00 34.51
31.67 36.54 43.32
30.03 31.10

20.00 12.38 10.36 10.16 10.65

11.08 10.17 9.86 20.70
-
Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 June -19 Jan-20
Leasing Companies Modaraba Investment Banks Non-bank Microfinance Companies

Note 1. Information pertaining to two Investment Banks, which are not currently filing online returns, are included in above
table.
Note2. Total assets, total liabilities, equity and deposits, etc. of investment banks increased significantly in February 2018 mainly
due to change of license status of one leasing company from leasing to investment finance services.
Note 3. Information pertaining to five Modarabas, which did not file online returns, is of previous months in the above table.
Note 4. Non-bank microfinance companies (NBMCs) obtained license from SECP to undertake microfinance services from 2016
onwards. Information pertaining to one NBMC, which did not file online returns, is of previous month in the above table.

Securities & Exchange Commission of Pakistan 15

Specialized Companies Division - Supervision and Enforcement Department
 Asset Allocation of Leasing Companies, Modarabas, Investment Banks & Non-Bank
Microfinance Companies
(Rs in million)

Cash & Loans & Investment Operating Other

Category Investments Lease Total
Bank Advances Property Assets Assets

Modarabas 2,560 2,836 13,212 6,538 1,118 16,711 9,631 52,606

Leasing
568 143 550 7,159 154 197 1,874 10,645
Companies
Investment
1,530 5,600 28,570 16,374 445 2,984 4,707 60,210
Banks
Non-bank
Microfinance 16,890 1,115 79,760 - 117 4,902 18,617.17 121,401
Companies
Total 21,548 9,694 122,092 30,071 1,834 24,794 34,829 244,862

Asset Allocation of Leasing Companies , Modarabas & Investment Banks

as of January 31, 2020
Loans & Advances,
49.86%
Leases, 12.28%

Investment Property,
0.75%

Operating Assets,
Investments, 3.96% 10.13%

Other Assets, 14.22%

Cash & Bank, 8.80%

Note 1. Total assets of two Investment Banks, which are not currently filing SCRS online returns, are not included in above
table.

Note 2. Information pertaining to five Modarabas, which did not file online returns, is not included in the above table.

Note 3. Information pertaining to one NBMC, which did not file online returns, is not included in the above table.

Securities & Exchange Commission of Pakistan 16

Specialized Companies Division - Supervision and Enforcement Department
 Leverage profile of Leasing Companies, Modarabas, Investment Banks and Non-
Bank Microfinance Companies
(Rs in million)
Equity as Liabilities as
Category Equity* Liabilities Total Assets percentage of percentage of total
total assets assets

Leasing Companies 4,838.10 5,516.50 10,645.00 45.4% 51.8%

Modarabas 17,870.54 33,552.44 52,606.00 34.0% 63.8%

Investment Banks 30,796.11 27,381.07 60,210.00 51.1% 45.5%

Non-bank Microfinance
25,313.00 88,062.74 121,401.04 20.9% 72.5%
Companies
* Equity and liabilities do not include deficit / surplus on revaluation of fixed assets

Leverage profile of Leasing Cos, Modarabas & Investment Banks as of

January 31, 2020
(Rs in million & percentage of total assets)

120,000.00

100,000.00 88,062.74
80,000.00 72.5%
27,381.07
33,552.44
60,000.00
45.5%
63.8%
40,000.00
5,516.50 30,796.11
20,000.00 51.8% 17,870.54 25,313.00
4,838.10 51.1% 20.9%
34.0%
- 45.4%
Leasing Companies Modarabas Investment Banks Non-bank
Microfinance
Equity Liabilities
Companies

Note 1. Total assets of two Investment Banks, which are not currently filing SCRS online returns, are not included in
above table.

Note 2. Information pertaining to five Modarabas, which did not file online returns, is not included in the above
table.
Note 3. Information pertaining to one NBMC, which did not file online returns, is not included in the above table.

Securities & Exchange Commission of Pakistan 17

Specialized Companies Division - Supervision and Enforcement Department
 Deposit raising of Leasing Companies, Modarabas & Investment Banks

Amounts (Rs in million)

% of Total
Category
Investment Deposits
Leasing Cos. Modarabas Total
Banks

Individual 430.79 2,471.11 3,963.47 6,865.37 42.92%

Corporate 92.41 2,037.55 229.24 2,359.20 14.75%

Trust - 242.56 229.72 472.28 2.95%

Govt. Entities - - - - 0.00%

Financial Institutions - 6,300 - 6,300.00 39.38%

Total 523.20 11,051.22 4,422.43 15,996.85 100.00%

Deposit raising of Leasing Companies, Modarabas & Investment Banks

as of January 31, 2020
(Percentage of Total Deposits)

Individual 42.92%

Corporate 14.75%
Financial Institutions
39.38%
Trust 2.95%

Individual Corporate Trust Financial Institutions

Note 1. Total assets of two Investment Banks, which are not currently filing SCRS online returns, are not included in above
table.

Note 2. Information pertaining to five Modarabas, which did not file online returns, is not included in the above table.

Note 3. Information pertaining to one NBMC, which did not file online returns, is not included in the above table.

Securities & Exchange Commission of Pakistan 18

Specialized Companies Division - Supervision and Enforcement Department
 ADDITIONAL REPORTS PERTAINING TO MUTUAL FUNDS/PLANS

Category wise Break up of Assets under Management – Collective Investment Schemes (Conventional
and Shariah Compliant)

a) The Total AUMs given in the said reports represent Net Assets of Open-end funds.

Region wise Issuance & Redemptions in Collective Investment Schemes (Conventional and Shariah
Compliant)

a) These reports do not include the transactions conducted by funds of funds.

Number of new accounts opened in Collective Investment Schemes

a) These reports do not include the accounts opened by the funds of funds for investment in other funds.
b) Such investor accounts exist which are invested in both Shariah compliant and Conventional funds.
Therefore, such accounts are reported twice by the AMCs i.e. both in conventional funds and shariah
compliant funds.

Region wise Assets under Management

a) These reports do not include the accounts and investments by funds of funds for investment in other funds.
Such investor accounts exist which are invested in both Shariah compliant and Conventional funds.
Therefore, such accounts are reported twice by the AMCs i.e. both in conventional funds and shariah
compliant funds.

Securities & Exchange Commission of Pakistan 19

Specialized Companies Division - Supervision and Enforcement Department
 Category wise Issuance & Redemption in Conventional Collective Investment Schemes during the month
(Rs. in million)

Net
Gross Net Gross Gross Gross Gross Net Gross Net
Issuance/(Re Gross
Gross Issuance Redemptio Issuance/(Re Issuance - Redemptions Issuance - Redempti Issuance/(Re Redempti Issuance/(Re
Fund Category demptions) - Issuance -
- Individuals ns - demptions) - Non- - Non- Fund of ons - Fund demptions) - ons - demptions) -
Non- Total
Individuals Individuals Individuals Individuals funds of funds Fund of funds Total Total
Individuals

Aggressive
218.08 122.97 95.11 1,205.71 211.99 993.72 10.00 27.00 -17.00 1,433.79 361.96 1,071.83
Income

Asset Allocation 1,091.09 350.49 740.59 44.48 217.63 -173.15 0.00 0.00 0.00 1,135.57 568.13 567.44

Balanced 9.83 14.34 -4.51 0.00 0.00 0.00 0.00 0.00 0.00 9.83 14.34 -4.51

Capital
8.76 127.17 -118.41 0.07 0.00 0.07 0.00 0.00 0.00 8.83 127.17 -118.34
Protected

Commodity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Equity 2,202.78 2,851.87 -649.09 4,239.04 2,700.51 1,538.54 74.12 60.68 13.44 6,515.94 5,613.05 902.89

Fund Of Funds 717.32 13.80 703.52 20.06 85.57 -65.52 0.00 0.00 0.00 737.38 99.38 638.00

Income 3,268.02 2,576.40 691.62 3,289.20 5,594.10 -2,304.90 0.00 67.74 -67.74 6,557.22 8,238.23 -1,681.02

Index Tracker 0.17 0.15 0.02 0.00 3.08 -3.08 0.00 0.00 0.00 0.17 3.23 -3.06

Money Market 10,046.81 9,829.11 217.70 26,878.39 18,358.87 8,519.52 30.94 57.94 -27.00 36,956.14 28,245.92 8,710.22

Total 17,562.84 15,886.29 1,676.55 35,676.95 27,171.75 8,505.20 115.06 213.37 -98.30 53,354.85 43,271.41 10,083.45

Securities & Exchange Commission of Pakistan 20

Specialized Companies Division - Supervision and Enforcement Department
 Category wise Issuance & Redemption in Shariah Compliant Collective Investment Schemes during the month

(Rs. in million)

Gross Net Net Net

Gross Gross Gross Gross Net
Gross Redempti Issuance/(R Issuance/(Rede Issuance/(R Gross Gross
Issuance - Redemption Issuance - Redempti Issuance/(Red
Fund Category Issuance - ons - edemptions mptions) - edemptions Issuance - Redemption
Non- s - Non- Fund of ons - Fund emptions) -
Individuals Individual )- Non- ) - Fund of Total s - Total
Individuals Individuals funds of funds Total
s Individuals Individuals funds

Islamic Aggressive
15.00 17.00 -2.00 0.00 2.00 -2.00 0.00 0.00 0.00 15.00 19.00 -4.00
Income
Islamic Asset
584.19 939.80 -355.61 79.00 241.63 -162.63 0.00 0.00 0.00 663.19 1,181.44 -518.24
Allocation

Islamic Balanced 57.00 100.00 -43.00 16.00 29.00 -13.00 0.00 0.00 0.00 73.00 129.00 -56.00

Islamic Capital
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Protected

Islamic Commodity 50.00 23.00 27.00 35.00 61.00 -26.00 0.00 0.00 0.00 85.00 84.00 1.00

Islamic Equity 4,512.57 5,182.90 -670.34 2,814.47 2,173.97 640.49 1,351.01 1,518.74 -167.73 8,678.04 8,875.62 -197.58

Islamic Fund of
52.61 630.38 -577.77 3.00 175.44 -172.44 46.80 38.50 8.30 102.41 844.32 -741.91
Funds

Islamic Income 9,105.64 6,443.78 2,661.87 7,202.52 5,344.38 1,858.14 598.26 338.65 259.61 16,906.42 12,126.80 4,779.62

Islamic Index
155.00 111.00 44.00 32.00 19.00 13.00 0.00 0.00 0.00 187.00 130.00 57.00
Tracker
Islamic Money
9,859.16 8,211.31 1,647.84 15,803.56 7,846.42 8,137.17 246.38 498.00 -251.62 23,993.29 14,459.90 9,533.39
Market

Total 24,391.16 21,659.18 2,731.99 25,985.55 15,892.84 10,272.74 2,242.45 2,393.89 -151.44 50,703.35 37,850.07 12,853.28

Securities & Exchange Commission of Pakistan 21

Specialized Companies Division - Supervision and Enforcement Department
 Category Wise Break up of Assets Under Management -Conventional Collective Investment Schemes

(Rs. in million)

Trusts/NGOs/Societ
Associated Other Insurance Other Fin. Other Retirement Foreign Foreign
Fund Category Individuals Fund of funds ies/Foundations/Ch
Banks/DFIs Banks/DFIs Co.s Institutions Corporates funds Individuals Corporates
arities

Aggressive
1,331.76 240.13 182.36 0.12 1.08 454.04 151.18 1,098.27 485.01 1.27 0.00
Income

Asset Allocation 4,416.80 618.47 106.30 534.21 389.10 759.72 0.00 1,872.67 142.76 6.43 33.88

Balanced 1,136.76 93.17 0.00 591.51 0.19 25.59 0.00 1,388.65 124.12 5.43 0.00

Capital Protected 3,344.99 195.74 0.00 0.00 0.00 14,725.02 0.00 366.23 683.56 0.00 0.00

Commodity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Equity 42,011.80 2,887.13 4,698.96 16,127.87 5,982.62 8,600.96 943.51 40,340.11 6,597.04 723.30 95.54

Fund Of Funds 976.49 263.15 0.00 0.00 0.00 400.43 722.45 430.90 50.11 6.54 0.00

Income 29,156.55 1,968.73 201.90 1,079.12 2,707.47 14,652.54 630.11 7,831.68 2,622.95 269.07 24.22

Index Tracker 30.59 0.00 0.00 0.00 0.00 12.57 0.00 402.05 0.00 0.00 5.96

Money Market 40,996.48 3,466.00 1,617.78 1,439.29 3,083.92 123,159.79 403.28 9,839.00 2,170.35 248.76 0.00

Total 123,402.22 9,732.52 6,807.30 19,772.12 12,164.38 162,790.65 2,850.54 63,569.55 12,875.89 1,260.80 159.61

Securities & Exchange Commission of Pakistan 22

Specialized Companies Division - Supervision and Enforcement Department
 Category Wise Break up of Assets Under Management - Shariah Compliant Collective Investment Schemes
(Rs. in million)

Trusts/NGOs/So
Associated Other Insurance Other Fin. Other Retirement Foreign Foreign
Fund Category Individuals Fund of funds cieties/Foundati
Banks/DFIs Banks/DFIs Co.s Institutions Corporates funds Individuals Corporates
ons/Charities

Islamic Aggressive
213.02 0.00 0.00 31.87 0.01 0.32 0.00 50.05 0.10 0.00 0.00
Income
Islamic Asset
10,045.87 235.35 49.49 191.70 48.82 1,232.52 0.00 2,416.41 251.37 13.47 0.00
Allocation

Islamic Balanced 2,301.00 309.00 0.00 9.00 4.00 691.00 0.00 1,217.00 80.00 74.00 0.00

Islamic Capital
48.19 0.00 0.00 0.00 0.00 0.90 0.00 72.16 0.00 0.00 0.00
Protected

Islamic Commodity 264.00 82.00 0.00 0.00 0.00 26.00 0.00 0.00 3.00 2.00 0.00

Islamic Equity 28,682.41 2,402.07 588.48 5,429.99 147.50 8,253.94 10,963.83 14,165.78 1,251.74 474.94 0.00

Islamic Fund of
15,658.64 159.60 0.00 46.32 3.14 4,104.22 3,470.40 3,677.69 1,532.61 34.53 0.00
Funds

Islamic Income 57,439.68 626.71 350.71 1,728.26 228.35 8,092.71 5,140.92 6,198.23 4,250.06 198.98 0.00

Islamic Index Tracker 332.00 750.00 0.00 0.00 0.00 758.00 63.00 87.00 0.00 3.00 0.00

Islamic Money
27,846.58 2,071.35 1,114.00 381.16 40.05 25,609.72 3,440.27 1,959.80 2,282.64 94.92 0.00
Market

Total 142,831.39 6,636.08 2,102.68 7,818.31 471.88 48,769.33 23,078.41 29,844.11 9,651.51 895.84 0.00

Securities & Exchange Commission of Pakistan 23

Specialized Companies Division - Supervision and Enforcement Department
 Region wise Issuance & Redemptions in Conventional Collective Investment Schemes during the month
(Rs. in million)
Individual Non-Individual Total

City No. of No. of No. of

Gross Net Sales/ Gross Net Sales/ Gross Net Sales/
Investor Gross Sales Investor Gross Sales Investor Gross Sales
Redemptions (Redemptions) Redemptions (Redemptions) Redemptions (Redemptions)
Accounts Accounts Accounts

Hyderabad 882.00 275.05 26.80 248.25 1.00 0.00 0.00 0.00 883.00 275.05 26.80 248.25
Karachi 11,254.00 8,547.64 8,593.49 -45.85 1,056.00 22,679.21 19,354.75 3,324.46 12,310.00 31,226.85 27,948.24 3,278.61
Larkana 122.00 6.68 0.35 6.33 0.00 0.00 0.00 0.00 122.00 6.68 0.35 6.33
Mirpur Khas 18.00 2.27 9.45 -7.19 0.00 0.00 0.00 0.00 18.00 2.27 9.46 -7.19
Nawab Shah 56.00 1.46 6.07 -4.61 1.00 0.28 0.00 0.28 57.00 1.74 6.07 -4.33
Others 675.00 805.80 99.80 706.00 15.00 104.56 39.20 65.36 690.00 910.36 139.00 771.36
Sukkur 198.00 14.76 6.61 8.16 1.00 0.00 0.05 -0.05 199.00 14.76 6.66 8.11
Sindh 13,205.00 9,653.66 8,742.57 911.09 1,074.00 22,784.04 19,394.00 3,390.05 14,279.00 32,437.70 28,136.57 4,301.13
Bahawalpur 145.00 69.44 67.99 1.45 8.00 0.00 3.80 -3.80 153.00 69.44 71.79 -2.34
Faisalabad 1,108.00 467.16 479.53 -12.37 33.00 373.97 97.01 276.96 1,141.00 841.13 576.54 264.59
Gujranwala 349.00 139.86 181.10 -41.24 13.00 1.20 0.28 0.92 362.00 141.06 181.38 -40.32
Lahore 6,797.00 4,001.61 3,004.21 997.40 439.00 4,026.41 3,500.67 525.74 7,231.00 8,028.03 6,504.88 1,523.14
Multan 1,568.00 429.25 313.41 115.85 13.00 274.30 1.88 272.42 1,581.00 703.55 315.28 388.27
Others 2,051.00 332.73 192.59 140.14 22.00 118.12 130.05 -11.93 2,073.00 450.85 322.64 128.21
Rahim Yar Khan 133.00 87.90 12.35 75.55 1.00 0.00 0.38 -0.38 134.00 87.90 12.74 75.16
Rawalpindi 1,654.00 484.95 607.51 -122.56 84.00 2,062.02 2,232.33 -170.32 1,738.00 2,546.97 2,839.85 -292.88
Sadiqabad 16.00 2.05 3.12 -1.07 0.00 0.00 0.00 0.00 16.00 2.05 3.12 -1.07
Sargodha 314.00 56.40 56.06 0.34 0.00 0.00 0.00 0.00 314.00 56.40 56.06 0.34
Sialkot 297.00 130.60 132.30 -1.70 5.00 0.24 0.35 -0.11 302.00 130.84 132.65 -1.81
Punjab 14,432.00 6,201.95 5,050.17 1,151.78 618.00 6,856.26 5,966.75 889.51 15,045.00 13,058.22 11,016.92 2,041.30
Islamabad 2,323.00 1,046.14 1,575.53 -529.39 126.00 5,887.19 1,760.24 4,126.96 2,448.00 6,933.34 3,335.77 3,597.56
Capital
2,323.00 1,046.14 1,575.53 -529.39 126.00 5,887.19 1,760.24 4,126.96 2,448.00 6,933.34 3,335.77 3,597.56
Territory
Abbottabad 154.00 12.71 15.98 -3.27 1.00 0.00 0.00 0.00 155.00 12.71 15.98 -3.27
Bannu 21.00 0.00 1.26 -1.26 0.00 0.00 0.00 0.00 21.00 0.00 1.26 -1.26

Securities & Exchange Commission of Pakistan 24

Specialized Companies Division - Supervision and Enforcement Department
 Individual Non-Individual Total
City No. of No. of No. of
Gross Gross Net Sales/ Gross Gross Net Sales/ Gross Gross Net Sales/
Investor Investor Investor
Sales Redemptions (Redemptions) Sales Redemptions (Redemptions) Sales Redemptions (Redemptions)
Accounts Accounts Accounts
Dera Ismail
12.00 2.51 0.88 1.63 0.00 0.00 0.00 0.00 12.00 2.51 0.88 1.63
Khan
Mansehra 13.00 0.66 4.29 -3.63 0.00 0.00 0.00 0.00 13.00 0.66 4.29 -3.63
Nowshera 126.00 7.67 6.46 1.22 1.00 0.00 0.00 0.00 127.00 7.67 6.46 1.22
Others 213.00 60.42 15.88 44.54 2.00 20.00 0.00 20.00 215.00 80.42 15.88 64.54
Peshawar 650.00 379.26 347.59 31.67 17.00 30.04 31.53 -1.49 667.00 409.30 379.12 30.18
Swat 7.00 2.02 0.00 2.02 0.00 0.00 0.00 0.00 7.00 2.02 0.00 2.02
KPK 1,196.00 465.25 392.34 72.91 21.00 50.04 31.53 18.51 1,217.00 515.29 423.87 91.42
Gwadar 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Hub 1.00 0.04 0.00 0.04 0.00 0.00 0.00 0.00 0.00 0.04 0.00 0.04
Khuzdar 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Lasbella 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Others 17.00 0.03 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.03 0.00
Quetta 89.00 15.19 19.17 -3.97 1.00 0.00 0.00 0.00 0.00 15.19 19.17 -3.97
Turbat 3.00 0.00 0.02 -0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.02 -0.02
Balochistan 112.00 15.26 19.21 -3.96 1.00 0.00 0.00 0.00 0.00 15.26 19.21 -3.96
Gilgit 1.00 0.00 0.15 -0.15 0.00 0.00 0.00 0.00 1.00 0.00 0.15 -0.15
Hunza 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Gilgit Baltistan 1.00 0.00 0.15 -0.15 0.00 0.00 0.00 0.00 1.00 0.00 0.15 -0.15
Mirpur 154.00 6.91 21.85 -14.94 0.00 0.00 0.00 0.00 154.00 6.91 21.85 -14.94
Muzaffarabad 17.00 1.00 6.10 -5.10 0.00 0.00 0.00 0.00 17.00 1.00 6.10 -5.10
Others 81.00 1.62 16.11 -14.49 0.00 0.00 0.06 -0.06 81.00 1.62 16.17 -14.55
AJ&K 252.00 9.53 44.06 -34.53 0.00 0.00 0.06 -0.06 252.00 9.53 44.12 -34.59
Overseas 83.00 167.69 62.78 104.91 0.00 0.00 0.00 0.00 83.00 167.69 62.78 104.91

Total 31,604.00 17,559.48 15,886.81 1,672.66 1,840.00 35,577.54 27,152.57 8,424.97 33,325.00 53,137.02 43,039.39 10,097.63

Securities & Exchange Commission of Pakistan 25

Specialized Companies Division - Supervision and Enforcement Department
 Region wise Issuance & Redemptions in Shariah Compliant Collective Investment Schemes during the month
(Rs. in million)
Individual Non-Individual Total

City No. of No. of No. of

Gross Gross Net Sales/ Gross Gross Net Sales/ Gross Net Sales/
Investor Investor Investor Gross Sales
Sales Redemptions (Redemptions) Sales Redemptions (Redemptions) Redemptions (Redemptions)
Accounts Accounts Accounts

Hyderabad 1,050.00 67.19 70.82 -3.63 602.00 65.00 50.00 15.00 1,652.00 132.19 120.82 11.37
Karachi 41,699.00 12,651.19 11,225.08 1,426.11 22,076.00 18,099.00 11,149.95 6,949.05 63,775.00 30,750.20 22,375.03 8,375.16
Larkana 34.00 1.55 0.19 1.35 109.00 752.00 965.58 -213.58 143.00 753.55 965.77 -212.23
Mirpur Khas 33.00 1.85 8.83 -6.98 100.00 8.00 0.00 8.00 133.00 9.85 8.83 1.02
Nawab Shah 50.00 14.32 8.27 6.06 95.00 3.00 1.00 2.00 145.00 17.32 9.27 8.06
Others 711.00 125.99 85.21 40.78 693.00 50.00 43.23 6.77 1,404.00 175.99 128.44 47.55
Sukkur 104.00 7.29 76.78 -69.50 49.00 6.00 1.00 5.00 153.00 13.29 77.78 -64.50
Sindh 43,681.00 12,869.37 11,475.18 1,394.19 23,724.00 18,983.00 12,210.76 6,772.24 67,405.00 31,852.38 23,685.94 8,166.44
Bahawalpur 244.00 57.41 42.75 14.66 17.00 6.00 1.00 5.00 261.00 63.42 43.75 19.66
Faisalabad 2,300.00 442.19 374.65 67.54 2,286.00 542.04 467.00 75.04 4,586.00 984.23 841.65 142.58
Gujranwala 654.00 113.69 134.97 -21.28 738.00 193.00 104.03 88.97 1,392.00 306.69 239.00 67.69
Lahore 14,666.00 3,767.56 3,392.59 374.97 10,771.00 3,054.88 1,147.60 1,907.28 25,437.00 6,822.44 4,540.19 2,282.25
Multan 1,829.00 601.05 502.75 98.30 1,137.00 191.34 140.00 51.34 2,966.00 792.39 642.75 149.64
Others 3,513.00 566.88 422.05 144.83 3,553.00 390.00 218.00 172.00 7,066.00 956.88 640.05 316.83
Rahim Yar
683.00 452.40 501.43 -49.03 1,155.00 97.00 49.00 48.00 1,838.00 549.40 550.43 -1.03
Khan
Rawalpindi 3,678.00 1,256.81 970.54 286.27 1,650.00 684.87 769.82 -84.94 5,328.00 1,941.68 1,740.36 201.32
Sadiqabad 92.00 99.95 91.44 8.52 126.00 98.00 76.00 22.00 218.00 197.95 167.44 30.52
Sargodha 393.00 51.20 55.46 -4.26 433.00 19.00 9.00 10.00 826.00 70.20 64.46 5.75
Sialkot 545.00 100.31 61.73 38.57 259.00 72.00 61.00 11.00 804.00 172.31 122.73 49.58
Punjab 28,597.00 7,509.45 6,550.36 959.10 22,125.00 5,348.13 3,042.45 2,305.68 50,722.00 12,857.58 9,592.81 3,264.78
Islamabad 5,937.00 2,253.93 2,037.10 216.82 2,917.00 804.63 377.37 427.26 7,347.00 3,058.56 2,414.47 644.09
Capital
5,937.00 2,253.93 2,037.10 216.82 2,917.00 804.63 377.37 427.26 7,347.00 3,058.56 2,414.47 644.09
Territory

Abbottabad 379.00 44.40 26.03 18.37 384.00 47.00 16.00 31.00 763.00 91.40 42.03 49.37

Securities & Exchange Commission of Pakistan 26

Specialized Companies Division - Supervision and Enforcement Department
 Individual Non-Individual Total
City No. of No. of No. of
Gross Gross Net Sales/ Gross Gross Net Sales/ Gross Gross Net Sales/
Investor Investor Investor
Sales Redemptions (Redemptions) Sales Redemptions (Redemptions Sales Redemptions (Redemptions
Accounts Accounts Accounts
Bannu 33.00 5.14 2.08 3.06 2.00 0.00 0.00 0.00 35.00 5.14 2.08 3.06
Dera Ismail
17.00 5.25 4.11 1.14 3.00 0.00 0.00 0.00 20.00 5.25 4.11 1.14
Khan
Mansehra 170.00 83.24 110.29 -27.05 269.00 12.00 8.00 4.00 439.00 95.25 118.29 -23.05
Nowshera 93.00 105.19 98.17 7.03 83.00 86.15 57.15 29.00 176.00 191.34 155.32 36.03
Others 1,327.00 235.05 172.44 62.61 1,546.00 98.00 68.00 30.00 2,873.00 333.05 240.45 92.61
Peshawar 2,202.00 966.55 901.98 64.58 906.00 50.38 46.32 4.06 3,108.00 1,016.93 948.30 68.63
Swat 318.00 24.76 19.73 5.03 586.00 22.00 11.00 11.00 904.00 46.76 30.73 16.03
KPK 4,539.00 1,469.59 1,334.83 134.76 3,779.00 315.53 206.47 109.06 8,318.00 1,785.12 1,541.30 243.82
Gwadar 4.00 0.00 0.44 -0.44 0.00 0.00 0.00 0.00 4.00 0.00 0.44 -0.44
Hub 2.00 0.02 0.00 0.02 14.00 0.00 0.00 0.00 16.00 0.02 0.00 0.02
Khuzdar 3.00 0.00 0.10 -0.10 0.00 0.00 0.00 0.00 3.00 0.00 0.10 -0.10
Lasbella 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Others 49.00 3.04 3.02 0.01 7.00 0.00 1.00 -1.00 56.00 3.04 4.02 -0.99
Quetta 148.00 10.97 19.17 -8.20 90.00 43.00 27.64 15.36 238.00 53.97 46.81 7.16
Turbat 2.00 0.07 0.00 0.07 0.00 0.00 0.00 0.00 2.00 0.07 0.00 0.07
Balochistan 208.00 14.10 22.73 -8.64 111.00 43.00 28.64 14.36 319.00 57.10 51.37 5.72
Gilgit 3.00 0.00 0.00 0.00 9.00 0.00 0.30 -0.30 12.00 0.00 0.30 -0.30
Hunza 6.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.00 0.00 0.00 0.00
Others 1.00 0.01 0.00 0.01 0.00 0.00 0.00 0.00 1.00 0.01 0.00 0.01
Gilgit
10.00 0.01 0.00 0.01 9.00 0.00 0.30 -0.30 19.00 0.01 0.30 -0.29
Baltistan
Mirpur 97.00 58.88 26.46 32.42 17.00 8.00 8.00 0.00 114.00 66.88 34.46 32.42
Muzaffarabad 70.00 0.06 6.05 -5.99 56.00 1.00 1.00 0.00 126.00 1.06 7.05 -5.99
Others 62.00 21.16 13.36 7.79 26.00 0.00 0.00 0.00 88.00 21.16 13.37 7.79
AJ&K 229.00 80.10 45.88 34.22 99.00 9.00 9.00 0.00 328.00 89.10 54.88 34.22
Overseas 337.00 187.26 183.45 3.81 163.00 61.00 17.00 44.00 500.00 248.26 200.45 47.81

Total 83,538.00 24,383.80 21,649.53 2,734.27 52,927.00 25,564.30 15,891.99 9,672.31 134,958.00 49,948.11 37,541.53 12,406.58

Securities & Exchange Commission of Pakistan 27

Specialized Companies Division - Supervision and Enforcement Department
 Number of New Accounts Opened in Collective Investment Schemes during the month

No. of New Accounts - Conventional Schemes No. of New Accounts - Shariah Compliant Schemes
City
Individual Non-Individual Total Individual Non-Individual Total
Hyderabad 36 0 36 57 0 57
Karachi 309 27 336 2,094 34 2,128
Larkana 0 0 0 11 0 11
Mirpur Khas 0 0 0 6 0 6
Nawab Shah 2 0 2 12 0 12
Others 35 0 35 107 0 107
Sukkur 3 0 3 8 0 8
Sindh 385 27 412 2,295 34 2,329
Bahawalpur 5 0 5 22 0 22
Faisalabad 38 1 39 134 0 134
Gujranwala 22 0 22 57 0 57
Lahore 250 2 252 991 9 1,000
Multan 35 1 36 127 1 128
Others 74 0 74 485 0 485
Rahim Yar Khan 7 0 7 36 0 36
Rawalpindi 67 0 67 314 0 314
Sadiqabad 1 0 1 8 0 8
Sargodha 21 0 21 31 0 31
Sialkot 19 0 19 81 1 82
Punjab 539 4 543 2,286 11 2,297
Islamabad 75 4 79 369 6 375

Capital Territory 75 4 79 369 6 375

Abbottabad 3 0 3 30 0 30

Bannu 0 0 0 1 0 1

Securities & Exchange Commission of Pakistan 28

Specialized Companies Division - Supervision and Enforcement Department
 No. of New Accounts - Conventional Schemes No. of New Accounts - Shariah Compliant Schemes
City
Individual Non-Individual Total Individual Non-Individual Total
Dera Ismail Khan 1 0 1 6 0 6
Mansehra 2 0 2 24 0 24
Nowshera 4 0 4 12 0 12
Others 10 0 10 140 0 140
Peshawar 13 1 14 162 0 162
Swat 1 0 1 28 0 28
KPK 34 1 35 403 0 403
Gwadar 0 0 0 0 0 0
Hub 0 0 0 3 0 3
Khuzdar 0 0 0 1 0 1
Lasbella 0 0 0 0 0 0
Others 0 0 0 1 0 1.00
Quetta 5 0 5 12 1 13
Turbat 0 0 0 1 0 1
Balochistan 5 0 5 18 1 19
Gilgit 0 0 0 1 0 1
Hunza 0 0 0 0 0 0
Others 0 0 0 3 0 3
Gilgit Baltistan 0 0 0 4 0 4
Mirpur 7 0 7 18 0 18
Muzaffarabad 2 0 2 3 0 3
Others 3 0 3 8 0 8
AJ&K 12 0 12 29 0 29
Overseas 9 0 9 27 0 27

Total 1,059 36 1,095 5,431 52 5,483

Securities & Exchange Commission of Pakistan 29

Specialized Companies Division - Supervision and Enforcement Department
 Region-wise Assets Under Management
(Rs. in million)
Conventional Schemes Shariah Compliant Schemes
Individual Non-Individual Total Individual Non-Individual Total
City
No. of Investor No. of Investor No. of Investor No. of Investor No. of Investor No. of Investor
AUMs AUMs AUMs AUMs AUMs AUMs
Accounts Accounts Accounts Accounts Accounts Accounts

Hyderabad 5,787.00 789.98 30.00 175.61 5,817.00 965.59 2,589.00 816.88 2.00 1.91 2,591.00 818.79
Karachi 106,580.00 61,985.71 4,489.00 207,970.23 111,069.00 269,955.94 104,218.00 80,538.53 2,525.00 83,263.66 106,743.00 163,802.19
Larkana 310.00 47.26 1.00 0.00 311.00 47.26 219.00 51.17 1.00 0.00 220.00 51.17
Mirpur Khas 173.00 16.09 0.00 0.00 173.00 16.09 193.00 104.23 2.00 12.57 195.00 116.81
Nawab Shah 175.00 64.46 1.00 51.26 176.00 115.71 133.00 53.86 0.00 0.00 133.00 53.86
Others 1,568.00 478.10 14.00 569.94 1,582.00 1,048.04 3,063.00 1,116.68 7.00 88.84 3,070.00 1,205.52
Sukkur 1,302.00 274.30 6.00 85.58 1,308.00 359.88 355.00 147.30 0.00 0.00 355.00 147.30
Sindh 115,895.00 63,655.89 4,541.00 208,852.62 120,436.00 272,508.51 110,770.00 82,828.64 2,537.00 83,366.99 113,307.00 166,195.63
Bahawalpur 521.00 245.92 6.00 0.63 527.00 246.55 506.00 289.47 1.00 2.02 507.00 291.49
Faisalabad 4,802.00 2,462.91 98.00 6,471.35 4,900.00 8,934.26 6,143.00 2,583.65 117.00 1,860.98 6,260.00 4,444.63
Gujranwala 2,564.00 963.10 21.00 103.65 2,585.00 1,066.75 2,219.00 845.93 25.00 210.64 2,244.00 1,056.57
Lahore 37,018.00 29,602.30 1,603.00 28,515.37 38,621.00 58,117.67 40,848.00 25,399.98 867.00 10,070.06 41,715.00 35,470.04
Multan 6,281.00 2,188.84 85.00 1,168.96 6,366.00 3,357.80 4,215.00 2,234.63 23.00 675.22 4,238.00 2,909.85
Others 6,050.00 3,056.53 56.00 822.07 6,106.00 3,878.60 10,395.00 4,748.52 21.00 186.80 10,416.00 4,935.32
Rahim Yar
397.00 134.89 0.00 0.00 397.00 134.89 985.00 564.98 7.00 14.76 992.00 579.74
Khan
Rawalpindi 10,504.00 4,282.00 254.00 44,904.04 10,758.00 49,186.04 9,882.00 6,353.67 115.00 6,486.23 9,997.00 12,839.90
Sadiqabad 75.00 32.92 0.00 0.00 75.00 32.92 362.00 241.71 0.00 0.00 362.00 241.71
Sargodha 1,795.00 709.05 5.00 10.58 1,800.00 719.63 928.00 343.14 2.00 1.05 930.00 344.19
Sialkot 2,579.00 1,195.39 35.00 330.63 2,614.00 1,526.02 1,528.00 733.54 13.00 36.29 1,541.00 769.84
Punjab 72,586.00 44,873.84 2,163.00 82,327.28 74,749.00 127,201.12 78,011.00 44,339.22 1,191.00 19,544.06 79,202.00 63,883.28

Islamabad 12,243.00 7,683.01 412.00 15,066.58 12,655.00 22,749.59 14,272.00 10,524.65 206.00 2,858.34 14,478.00 13,382.99

Capital
12,243.00 7,683.01 412.00 15,066.58 12,655.00 22,749.59 14,272.00 10,524.65 206.00 2,858.34 14,478.00 13,382.99
Territory

Securities & Exchange Commission of Pakistan 30

Specialized Companies Division - Supervision and Enforcement Department
 Conventional Schemes Shariah Compliant Schemes

City Individual Non-Individual Total Individual Non-Individual Total

No. of Investor No. of Investor No. of Investor No. of Investor No. of Investor No. of Investor
AUMs AUMs AUMs AUMs AUMs AUMs
Accounts Accounts Accounts Accounts Accounts Accounts
Abbottabad 1,026.00 306.52 12.00 35.90 1,038.00 342.42 1,164.00 459.50 1.00 0.00 1,165.00 459.50
Bannu 37.00 37.78 0.00 0.00 37.00 37.78 107.00 40.24 0.00 0.00 107.00 40.24
Dera Ismail
54.00 37.99 0.00 0.00 54.00 37.99 77.00 35.05 0.00 0.00 77.00 35.05
Khan
Mansehra 61.00 8.24 0.00 0.00 61.00 8.24 360.00 126.32 0.00 0.00 360.00 126.32
Nowshera 487.00 135.79 11.00 148.85 498.00 284.64 508.00 239.64 9.00 47.75 517.00 287.40
Others 1,386.00 389.76 19.00 9.95 1,405.00 399.70 2,973.00 1,341.88 11.00 228.28 2,984.00 1,570.15
Peshawar 5,548.00 1,835.97 77.00 750.56 5,625.00 2,586.52 6,387.00 3,259.51 52.00 305.07 6,439.00 3,564.58
Swat 54.00 16.02 0.00 0.00 54.00 16.02 613.00 323.99 0.00 0.00 613.00 324.00
KPK 8,653.00 2,768.05 119.00 945.25 8,772.00 3,713.30 12,189.00 5,826.13 73.00 581.09 12,262.00 6,407.23
Gwadar 6.00 2.81 0.00 0.00 6.00 2.81 19.00 39.38 0.00 0.00 19.00 39.38
Hub 4.00 0.99 0.00 0.00 4.00 0.99 40.00 6.26 0.00 0.00 40.00 6.26
Khuzdar 7.00 0.95 0.00 0.00 7.00 0.95 9.00 1.55 0.00 0.00 9.00 1.56
Lasbella 0.00 0.00 0.00 0.00 0.00 0.00 27.00 4.33 0.00 0.00 27.00 4.33
Others 55.00 9.66 0.00 0.00 55.00 9.66 78.00 23.37 0.00 0.00 78.00 23.37
Quetta 1,593.00 452.79 19.00 180.04 1,612.00 632.83 663.00 238.16 9.00 63.63 672.00 301.79
Turbat 7.00 5.65 0.00 0.00 7.00 5.65 3.00 0.27 0.00 0.00 3.00 0.27
Balochistan 1,672.00 472.84 19.00 180.04 1,691.00 652.89 839.00 313.31 9.00 63.63 848.00 376.94
Gilgit 50.00 0.85 0.00 0.00 50.00 0.85 51.00 17.27 2.00 22.31 53.00 39.58
Hunza 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Others 26.00 1.77 2.00 1.00 28.00 2.77 34.00 15.02 1.00 5.11 35.00 20.13
Gilgit Baltistan 76.00 2.62 2.00 1.00 78.00 3.62 85.00 32.29 3.00 27.42 88.00 59.71
Mirpur 2,088.00 929.82 3.00 1.50 2,091.00 931.32 796.00 496.98 3.00 22.00 799.00 518.98
Muzaffarabad 87.00 34.25 1.00 0.00 88.00 34.25 298.00 88.42 3.00 25.44 301.00 113.86
Others 315.00 268.21 3.00 45.57 318.00 313.78 423.00 405.53 0.00 0.00 423.00 405.54
AJ&K 2,490.00 1,232.28 7.00 47.07 2,497.00 1,279.35 1,517.00 990.93 6.00 47.44 1,523.00 1,038.38
Overseas 1,476.37 1,082.22 7.00 123.67 1,483.37 1,205.88 848.00 1,559.38 2.00 0.00 850.00 1,559.39
Total 215,091.37 121,770.75 7,270.00 307,543.51 222,361.37 429,314.27 218,531.00 146,414.55 4,027.00 106,488.97 222,558.00 252,903.54

Securities & Exchange Commission of Pakistan 31

Specialized Companies Division - Supervision and Enforcement Department
Securities & Exchange Commission of Pakistan 1
Specialized Companies Division - Supervision and Enforcement Department