mutual fund

TABLE of CONTENT
INTRODUCTION………………………………………………………….…………1
CONCEPT OF A MUTUAL FUND…………………………………………………2
ADVANTAGES OF MUTUAL FUNDS………………………………..…………..3
DISADVANTAGES OF MUTUAL FUNDS………………………………………..5
FREQUENTLY USED TERMS…………………………………………………….6
TYPES OF MUTUAL FUND SCHEMES…………………………………………..7
BY STRUCTURE
BY INVESTMENT OBJECTIVE
APPROACHES TO PORTFOLIO
MANAGEMENT (FUND MANAGEMENT STYLE)………………………….…12
MUTUAL FUND AND PAKISTAN………………………………………………13
MUFAP (MUTUAL FUND ASSOCIATION OF PAKISTAN)
TAXATION ON MUTUAL FUNDS
RULES GOVERN MUTUAL FUNDS ………………………………………….14
IN PAKISTAN
PERFORMANCE OF MUTUAL……………………………………………..….15
FUND COMPANIES OF PAKISTAN
MUTUAL FUND COMPANIES IN PAKISTAN………………………………..16
NAMES MUTUAL FUND………………………………………………………..17
(ASSET MANAGEMENT) COMPANIES IN PAKISTAN
INDEX

INTRODUCTION
Specialization is the order of the day, be it with regard to a scheme’s investment objective or its targeted investment universe. Given the plethora of options on hand and the hard-sell adopted by mutual funds vying for a piece of your savings, finding the right scheme can sometimes seem a bit daunting. Mind you, it’s not just about going with the fund that gives you the highest returns. It’s also about managing risk–finding funds that suit your risk appetite and investment needs.
So, how can you, the retail investor, create wealth for yourself by investing through mutual funds? To answer that, we need to get down to brass tacks–what exactly is a mutual fund?
Very simply, 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.

CONCEPT OF A MUTUAL FUND
A Mutual Fund is a trust that pools the savings of a number of investors who share a common