MUFAPMutual Funds Association of Pakistan

PKR 587,048 million PKR 158,882 million

Total assets as at December 2016 Highest assets in the Equity category as at December 2016

23.89 % Return on Equity Category PKR (6,041) million

Highest return for the month of December 2016 Total Net sales for the month of December 2016

KSE-100 index increased by 12.16% (5,184.6 points) to close at 47,806.97 points in December 2016. We attribute this exceptional performance of the stock market

to multiple factors including (i) optimistic macroeconomic outlook on the back of kick-start of CPEC related investment in the energy & infrastructure projects;

(ii) reclassification of PSX into MSCI Emerging Market index raising expectations of large portfolio inflows ; (iii) sharp recovery in global oil prices that still hover

at around 50% discount to their peak level; (iv) growing expectation of global policy shift from monetary accommodation to fiscal stimulus to reinvigorate

economic growth; and (v) abundant local liquidity amid ultra-low yields on the fixed income avenues and inflows to equities on the back of new taxation measure

for real estate & property market.

Industry Size - Assets under Management

Category wise Unit Holder Pattern

Asset Allocation

Highlights

( PKR 552,674 million in November 2016) ( PKR 137,404 million in November 2016)

( 16.62 % in November 2016) (PKR 26,512 million in November 2016)

Overview

MONTHLY FACT SHEET - OPEN END FUNDSDECEMBER 31, 2016

15.6 %

0.4 times 1.2 times

34%

13%

36%

10%

2%

5%

17%

Individuals

Banking and FIs

Others

Retirement funds

Porvident fund

Gratuity fund

Pension fund

24%

6%1%

4%

2%

52%2% 4%

1%

4%

9%

Cash Banks & DFIs

NBFCs Reverse Repos Against Govt Securities

Reverse Repos Against All other Securities TFCs

Government Backed/Guaranteed Securities Equities

PIBs TBILLs

Commercial Papers Spread Transactions

CFS/ Margin Financing Others Including Receivables

0%

11%

15%7%

8%

17%

27%

0%

1%1%

4%

2%

0%1%1%1%

0%

9%

Capital Protected Money MarketIncome Shariah Compliant IncomeShariah Compliant Fund of Funds Shariah Compliant EquityEquity Aggressive Fixed IncomeIndex Tracker Shariah Compliant Index TrackerShariah Compliant Balanced Fund Shariah Compliant Money MarketShariah Compliant Asset Allocation Asset AllocationCommodities Balanced

0

50000

100000

150000

200000

250000

300000

350000

Open End Dec'16

Open End Nov'16

Open End

Monthly Fact Sheet - December 2016 Page 1 of Pages 5

Category December'16 November'16

Money Market 4.94% 5.13%

Income 3.88% 5.04%

Shariah Compliant Income 2.59% 9.18%

Shariah Compliant Fund of Funds 6.64% 4.40%

Shariah Compliant Equity 11.99% 7.41%

Equity 23.89% 16.62%

Aggressive Fixed Income 3.43% 5.94%

Index Tracker 11.88% 6.59%

Shariah Compliant Index Tracker 14.30% 7.00%

Shariah Compliant Balanced Fund 7.04% 4.03%

Shariah Compliant Money Market 4.65% 4.70%

Shariah Compliant Asset Allocation 7.15% 4.45%

Asset Allocation 5.45% 3.29%

Commodities -1.43% -6.06%

Balanced 7.43% 4.65%

Fund of Funds 4.28% 3.05%

Shariah Compliant Aggressive Fixed Income 4.55% 5.19%

Shariah Compliant Capital Protected Fund 7.55% 5.09%

Capital Protected 0.99% 1.10%

* Based on weighted average return of industry

NOTE:

The information pertaining to net sales for the month of December 2016 does not reflect the complete industry picture as it does not include data from

MCB Asset Management Limited and Pak Oman Asset Management Company Limited as the data was not received from them till the date of this publication.

Please note that the figures of investors breakup and channel wise breakup may vary due to different reporting mechanism by channels to AMC.

Return (Monthly - %) *

Net Sales (PKR Millions)

5122.250921

-6397.725761

-828.946291

325.591804389.40037805

-4351.644082

-8000

-6000

-4000

-2000

0

2000

4000

6000

Individuals Banking and FIs

Porvident fund

Gratuity fund

Pension fund

Others

INVESTORS BREAKUP

2248.152679

-1571.519631

-2487.060073

281.1641897

-3653.224207-4000

-3000

-2000

-1000

0

1000

2000

3000

Direct sales Through RSP -Individuals

Through RSP - Coporates

Banks -Commercial /

Scheduled

Others

CHANNEL WISE

Monthly Fact Sheet - December 2016 Page 2 of Pages 5

MUFAPMutual Funds Association of Pakistan

PKR 22,395 million PKR 8,961 million

Total assets as at December 2016 Highest assets in the Islamic equity sub fund category of funds as at December 2016

11.43 % Return on Shariah Compliant Equity sub fund PKR 267 million

Highest return for the month of December 2016 Total Net sales for the month of December 2016

KSE-100 index increased by 12.16% (5,184.6 points) to close at 47,806.97 points in December 2016. We attribute this exceptional performance of the stock market

to multiple factors including (i) optimistic macroeconomic outlook on the back of kick-start of CPEC related investment in the energy & infrastructure projects;

(ii) reclassification of PSX into MSCI Emerging Market index raising expectations of large portfolio inflows ; (iii) sharp recovery in global oil prices that still hover

at around 50% discount to their peak level; (iv) growing expectation of global policy shift from monetary accommodation to fiscal stimulus to reinvigorate

economic growth; and (v) abundant local liquidity amid ultra-low yields on the fixed income avenues and inflows to equities on the back of new taxation measure

for real estate & property market.

Asset Allocation

Industry Size - Assets under Management

Category wise Unit Holder Pattern

Highlights

( PKR 20,066 million in November 2016) ( PKR 7,911 million in November 2016)

(7.75 % in November 2016) ( PKR 198 million in November 2016)

Overview

11.6%

MONTHLY FACT SHEET - PENSION FUNDSDECEMBER 31, 2016

13.2 %

0.47 times

0.34 times

89%

9% 2%

Individuals

Banking and FIs

Others

Retirement funds

Porvident fund

Gratuity fund

Pension fund

12%

1%

8%

55%

5% 7%

1% 4%

Cash Banks & DFIs

NBFCs Reverse Repos Against Govt Securities

Reverse Repos Against All other Securities TFCs

Government Backed/Guaranteed Securities Equities

PIBs TBILLs

Commercial Papers Spread Transactions

CFS/ Margin Financing Others Including Receivables

11%

17%

8%

1%

17%

40%

6%0%

47%

General Pension Fund Debt

General Pension Fund Equity

General Pension Fund Money Market

General Pension Fund Commodity

Islamic Pension Funds Debt

Islamic Pension Funds Equity

Islamic Pension Funds Money Market

Islamic Pension Funds Commodity

PENSION FUNDS

0

2000

4000

6000

8000

10000

12000

14000

Pension Fund Dec'16

Pension Fund Nov'16

Monthly Fact Sheet - December 2016 Page 3 of Pages 5

Pension Funds December'16 November'16

General Pension Fund 13.61% 9.18%

Islamic Pension Fund 12.48% 19.54%

* Based on weighted average return of industry

NOTE:

The information pertaining to net sales for the month of December 2016 does not reflect the complete industry picture as it does not include data from

MCB Asset Management Limited and Pak Oman Asset Management Company Limited as the data was not received from them till the date of this publication.

Please note that the figures of investors breakup and channel wise breakup may vary due to different reporting mechanism by channels to AMC.

Return (Monthly - %) *

Net Sales (PKR Millions)

265.2894405

0 0 0 0 0.0536660

50

100

150

200

250

300

Individuals Banking and FIs

Porvident fund

Gratuity fund

Pension fund

Others

INVESTORS BREAKUP

166.0984798

10.002155481.08377261

85.76038636

0.3285122360

20

40

60

80

100

120

140

160

180

Direct sales Through RSP -Individuals

Through RSP -Coporates

Banks -Commercial /

Scheduled

Others

CHANNEL WISE

Monthly Fact Sheet - December 2016 Page 4 of Pages 5

MUFAPMutual Funds Association of Pakistan

PKR 23,080 million

Total assets as at December 2016

KSE-100 index increased by 12.16% (5,184.6 points) to close at 47,806.97 points in December 2016. We attribute this exceptional performance of the stock market

to multiple factors including (i) optimistic macroeconomic outlook on the back of kick-start of CPEC related investment in the energy & infrastructure projects;

(ii) reclassification of PSX into MSCI Emerging Market index raising expectations of large portfolio inflows ; (iii) sharp recovery in global oil prices that still hover

at around 50% discount to their peak level; (iv) growing expectation of global policy shift from monetary accommodation to fiscal stimulus to reinvigorate

economic growth; and (v) abundant local liquidity amid ultra-low yields on the fixed income avenues and inflows to equities on the back of new taxation measure

for real estate & property market.

Asset Allocation

Category December'16 November'16

Equity 0.51% 4.73%

* Based on weighted average return of industry

NOTE:

The information pertaining to net sales for the month of December 2016 does not reflect the complete industry picture as it does not include data from

MCB Asset Management Limited and Pak Oman Asset Management Company Limited as the data was not received from them till the date of this publication.

Please note that the figures of investors breakup and channel wise breakup may vary due to different reporting mechanism by channels to AMC.

Return (Monthly - %) *

Highlights

Highest assets in the equity category of funds as at December 2016

( PKR 20,952 million in November 2016)

Overview

Industry Size - Assets under Management

10%

MONTHLY FACT SHEET - CLOSED END FUNDSDECEMBER 31, 2016

2%

97%

0%

1%1%

Cash Banks & DFIs

NBFCs Reverse Repos Against Govt Securities

Reverse Repos Against All other Securities TFCs

Government Backed/Guaranteed Securities Equities

PIBs TBILLs

Commercial Papers Spread Transactions

CFS/ Margin Financing Others Including Receivables

0

5000

10000

15000

20000

25000

Close End Dec'16

Close End Nov'16

Monthly Fact Sheet - December 2016 Page 5 of Pages 5