Pakistan’s mutual fund industry reached a new milestone in January 2026, with total assets under management (AUMs) climbing to Rs. 4.317 trillion, reflecting strong market performance and investor inflows. Equity mutual funds saw particularly robust growth, marking the highest-ever level for the sector.
Equity AUMs surged by 11 percent month-on-month, reaching Rs. 748 billion, representing 17% of total industry assets. In contrast, debt funds saw a slight decline of 1 percent, totaling Rs. 3.569 trillion.
Top conventional equity fund managers included:
In the Shariah-compliant Islamic segment, Al Meezan Investment Management Limited led the market with Rs. 113 billion in equity AUMs, followed by Pak-Qatar AMC, UBL Fund Managers, NBP Fund Management, and Lucky Investments.
The top 30 equity holdings accounted for 60.7 percent of total equity AUMs (Rs. 454 billion). Key stocks with significant mutual fund ownership included:
Pakistan Petroleum Limited was the most widely held stock, appearing in 87 funds, followed by OGDC, Fauji Fertilizer, Lucky Cement, and Meezan Bank.
The data indicates growing investor participation in equity mutual funds and increasing concentration in leading blue-chip stocks, reflecting confidence in Pakistan’s top-performing companies despite market volatility.