TeleNgr Shb,
Thanks alot for your input.
Regards,
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#38
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Posted 18 May 2011 - 11:17 AM
Mutual funds set to lure clients
The mutual fund industry will launch a collective awareness campaign to attract people to the industry, according to Senior Vice President – National Sales Manager Al Meezan Investment Management, Shahid Gul Motiwala.
On the sidelines of a seminar titled “Employees benefit – tax saving and retirement planning” on Tuesday, he said, “Gone are the days when potential customers come to you themselves.”
In reference to the declining saving trends in the country and challenges being faced by the mutual fund industry, Motiwala said now is the time to market products to the locals, who are usually less likely to save.
He said the middle class of Pakistan was hesitant to invest in mutual funds, rather, they preferred to deposit money in banks. According to him, that was why the size of the mutual fund industry was not greater than Rs230 billion, while bank deposits were around Rs500 billion, which was a cause for concern for the industry.
“We need to reach the Rs500 billion mark where banks stand today,” he said. “There is growth in mutual fund industry but it is slow.”
Comparing rural and urban saving trends over the last three years, he said the salaried class in urban areas had been under stress due to high inflation. On the contrary, rural incomes had soared and that offset the inflationary pressures in rural areas – although the rural population achieved high incomes due to an increase in cotton and wheat prices. “Reaching the rural population is still difficult,” he said.
The urban population has more knowledge of the mutual fund industry but less disposable income, while the rural population has more money but insufficient knowledge, he added.
Motiwala said that Al Meezan, which is currently managing over Rs29 billion in assets, not only offers tax benefits according to the income tax laws, but also offers attractive returns on investments on the basis of Islamic principles.
The mutual fund industry will launch a collective awareness campaign to attract people to the industry, according to Senior Vice President – National Sales Manager Al Meezan Investment Management, Shahid Gul Motiwala.
On the sidelines of a seminar titled “Employees benefit – tax saving and retirement planning” on Tuesday, he said, “Gone are the days when potential customers come to you themselves.”
In reference to the declining saving trends in the country and challenges being faced by the mutual fund industry, Motiwala said now is the time to market products to the locals, who are usually less likely to save.
He said the middle class of Pakistan was hesitant to invest in mutual funds, rather, they preferred to deposit money in banks. According to him, that was why the size of the mutual fund industry was not greater than Rs230 billion, while bank deposits were around Rs500 billion, which was a cause for concern for the industry.
“We need to reach the Rs500 billion mark where banks stand today,” he said. “There is growth in mutual fund industry but it is slow.”
Comparing rural and urban saving trends over the last three years, he said the salaried class in urban areas had been under stress due to high inflation. On the contrary, rural incomes had soared and that offset the inflationary pressures in rural areas – although the rural population achieved high incomes due to an increase in cotton and wheat prices. “Reaching the rural population is still difficult,” he said.
The urban population has more knowledge of the mutual fund industry but less disposable income, while the rural population has more money but insufficient knowledge, he added.
Motiwala said that Al Meezan, which is currently managing over Rs29 billion in assets, not only offers tax benefits according to the income tax laws, but also offers attractive returns on investments on the basis of Islamic principles.
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#39
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Posted 19 May 2011 - 02:44 PM
Mutual funds rise by 4.5%MoM in Apr-11
detailed report on local Mutual Fund Industry titled ‘Invest Guide’ in which we have discussed local mutual funds’ performance during Apr-11. The report also reviews the Income, Money Market, Equity and Islamic Income funds and their sale and redemption performances during 9MFY11. The report will be released shortly.
Local mutual fund industry - Review Apr-11
In Apri-11, size of the mutual funds industry reached Rs240bn, showing an appreciation of 4.5%MoM. Open-ended funds size witnessed growth of 5.4%MoM, while closed end funds declined by 2.3%MoM to close at Rs214bn and Rs26bn respectively. Growth was witnessed in Money Market funds and Islamic Income funds’ sizes, as they surged by 14% and 7% respectively.
During 10MFY11 (Jul-Apr11), the mutual funds industry appreciated by 21%YoY, supported primarily by money market funds' mammoth growth of 124%MoM and by Islamic income funds, which surged by significant 182%MoM. The money market funds and Islamic income funds category has reached Rs72bn and Rs17bn in Apr-11 as compared to Jun-10 figure of Rs32bn and 5.9bn respectively.
Income Funds face heavy redemptions during 9MFY11
If we recall, back in Jun-10, the net assets of the income funds category stood at Rs45bn. During 9MFY11 the category generated gross sales of Rs32bn (including bonus units issued), as compared to total sales of Rs60bn received by the category during 9MFY10. However, total Rs41bn redemption has resulted in net redemption of Rs9.2bn faced by the category, as compared to net sales of Rs772mn during the same period last year. The fund size has declined by 19%YoY during 9MFY10. The net redemption was a major contributor in decline of the mentioned category (contributing 25%), while the net profit (excluding distribution by the funds) supported the category to some extent and during 9MFY11. The category earned net profit of Rs3.06bn, a contribution of 8% witnessed by the category. The fund size of the income funds category reached ~Rs39bn during Apr-11, remained static, being almost at the same level of the last month's figure of Rs38bn, a meager appreciation of 1%MoM. However, during 10MFY11, the size of the category is showing a decline of 17%YoY.
Money Market Funds- tapping market share
The Money market funds category size stood at Rs32bn in Jun-10 and out of total 17, 12 money market funds existed in the market. During 9MFY11, five new money market funds were launched. The total cash received by category was at Rs96bn in term of sales (including bonus units) during 9MFY11. However, during this period the category paid cash in terms of redemption of Rs67bn, making net sales of Rs30bn received by the category. The net assets of the category increased by mammoth 96%YoY, whereas the contribution of the sales reached to 47% while the net profit contribution stood at 7%. After showing a decline of less than 6%MoM in fund size of the money market funds category during Mar-11, the category recovered well in Apr-11 and appreciated by 14%MoM to reach at Rs72bn. Simultaneously, during 10MFY11, the category appreciated by 124%YoY.
Equity Funds remained lackluster and faced net redemption during 9MFY11
The size of the category stood at Rs45bn in Jun-10 and during 9MFY11, the category increased by 10%YoY (included three closed end funds converted into open-ended funds) as against the KSE100 index appreciation of 22%YoY. Total sales of Rs9.6bn were marked by the category while Rs11.3bn was the size of redemptions, which attributed to net redemption of Rs1.7bn. The contribution of net redemption to net assets growth is just of 3.4%, and net profits contributed ~20%, showing that the equity funds' net assets grew due to the portfolio investments of the funds. As against the KSE100 index upward movement of 2.1%MoM in Apr-11, the size of the equity funds category grew by only 1.8%MoM. While during 10MFY11, the fund size of the category has reached Rs51bn, thus, showing an appreciation of 29%YoY.
(InvestCap)
detailed report on local Mutual Fund Industry titled ‘Invest Guide’ in which we have discussed local mutual funds’ performance during Apr-11. The report also reviews the Income, Money Market, Equity and Islamic Income funds and their sale and redemption performances during 9MFY11. The report will be released shortly.
Local mutual fund industry - Review Apr-11
In Apri-11, size of the mutual funds industry reached Rs240bn, showing an appreciation of 4.5%MoM. Open-ended funds size witnessed growth of 5.4%MoM, while closed end funds declined by 2.3%MoM to close at Rs214bn and Rs26bn respectively. Growth was witnessed in Money Market funds and Islamic Income funds’ sizes, as they surged by 14% and 7% respectively.
During 10MFY11 (Jul-Apr11), the mutual funds industry appreciated by 21%YoY, supported primarily by money market funds' mammoth growth of 124%MoM and by Islamic income funds, which surged by significant 182%MoM. The money market funds and Islamic income funds category has reached Rs72bn and Rs17bn in Apr-11 as compared to Jun-10 figure of Rs32bn and 5.9bn respectively.
Income Funds face heavy redemptions during 9MFY11
If we recall, back in Jun-10, the net assets of the income funds category stood at Rs45bn. During 9MFY11 the category generated gross sales of Rs32bn (including bonus units issued), as compared to total sales of Rs60bn received by the category during 9MFY10. However, total Rs41bn redemption has resulted in net redemption of Rs9.2bn faced by the category, as compared to net sales of Rs772mn during the same period last year. The fund size has declined by 19%YoY during 9MFY10. The net redemption was a major contributor in decline of the mentioned category (contributing 25%), while the net profit (excluding distribution by the funds) supported the category to some extent and during 9MFY11. The category earned net profit of Rs3.06bn, a contribution of 8% witnessed by the category. The fund size of the income funds category reached ~Rs39bn during Apr-11, remained static, being almost at the same level of the last month's figure of Rs38bn, a meager appreciation of 1%MoM. However, during 10MFY11, the size of the category is showing a decline of 17%YoY.
Money Market Funds- tapping market share
The Money market funds category size stood at Rs32bn in Jun-10 and out of total 17, 12 money market funds existed in the market. During 9MFY11, five new money market funds were launched. The total cash received by category was at Rs96bn in term of sales (including bonus units) during 9MFY11. However, during this period the category paid cash in terms of redemption of Rs67bn, making net sales of Rs30bn received by the category. The net assets of the category increased by mammoth 96%YoY, whereas the contribution of the sales reached to 47% while the net profit contribution stood at 7%. After showing a decline of less than 6%MoM in fund size of the money market funds category during Mar-11, the category recovered well in Apr-11 and appreciated by 14%MoM to reach at Rs72bn. Simultaneously, during 10MFY11, the category appreciated by 124%YoY.
Equity Funds remained lackluster and faced net redemption during 9MFY11
The size of the category stood at Rs45bn in Jun-10 and during 9MFY11, the category increased by 10%YoY (included three closed end funds converted into open-ended funds) as against the KSE100 index appreciation of 22%YoY. Total sales of Rs9.6bn were marked by the category while Rs11.3bn was the size of redemptions, which attributed to net redemption of Rs1.7bn. The contribution of net redemption to net assets growth is just of 3.4%, and net profits contributed ~20%, showing that the equity funds' net assets grew due to the portfolio investments of the funds. As against the KSE100 index upward movement of 2.1%MoM in Apr-11, the size of the equity funds category grew by only 1.8%MoM. While during 10MFY11, the fund size of the category has reached Rs51bn, thus, showing an appreciation of 29%YoY.
(InvestCap)
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#41
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Posted 15 June 2011 - 10:33 PM
sir there are more than a dozen funds with 4-5 dozen products in total many are similar and many quite diffrent....first do your home work on the needs, then answer to hwat product suits you becomes much easier.
1) how much funds u have?
2) for how much time you wana invest them for ?
3) how much gain you are looking for?
4) how much risk you wana tak for it?
5) religius views plays a active role in your finanical descions.?
1) how much funds u have?
2) for how much time you wana invest them for ?
3) how much gain you are looking for?
4) how much risk you wana tak for it?
5) religius views plays a active role in your finanical descions.?
QUOTE (MNS @ Jun 15 2011, 09:38 PM) <{POST_SNAPBACK}>
Assalam-o-Alaikum
Fasee Bhai ya mututal fund main sub say bhatar koan sa hay?
Fasee Bhai ya mututal fund main sub say bhatar koan sa hay?
Chains of habit are too light to be felt until they are too heavy to be broken
#42
Posted 15 June 2011 - 11:26 PM
Please give me a example
QUOTE (fasee @ Jun 15 2011, 10:33 PM) <{POST_SNAPBACK}>
sir there are more than a dozen funds with 4-5 dozen products in total many are similar and many quite diffrent....first do your home work on the needs, then answer to hwat product suits you becomes much easier.
1) how much funds u have?
2) for how much time you wana invest them for ?
3) how much gain you are looking for?
4) how much risk you wana tak for it?
5) religius views plays a active role in your finanical descions.?
1) how much funds u have?
2) for how much time you wana invest them for ?
3) how much gain you are looking for?
4) how much risk you wana tak for it?
5) religius views plays a active role in your finanical descions.?
