Lucky Investments crosses PKR 100B fund milestone in 6 months

Lucky Investments Limited has crossed PKR 100 billion (USD 350 million) in Assets Under Management (AUMs) in under six months of the launch of its first fund in April.

This is the shortest duration taken by an asset management company (AMC) to reach the mark of PKR 100 billion in AUM.

Since its inception, the company has received an “overwhelming response” from both institutional and retail investors across the country, the management said.

“We are grateful to Allah (SWT) and to our valued investors for making this milestone possible. With their trust, we’ve reached PKR 100 billion AUMs — a milestone that aligns with our vision of becoming the premier choice for Shariah-compliant investments,” Mohammad Shoaib, CEO of Lucky Investments, said.

“This success reflects investors’ trust in our strong sponsors & brand equity, robust governance, and professional management team. We remain committed to delivering world-class, Riba-free investment solutions, anchored in service excellence, transparency, and trust.”

Since its inception, the company has successfully launched four Shariah-compliant funds:

• • Lucky Islamic Money Market Fund
• • Lucky Islamic Income Fund
• • Lucky Islamic Stock Fund
• • Lucky Islamic Fixed Term Fund

The company is also set to introduce a Voluntary Pension Scheme (VPS) soon after acquiring a license. The new scheme would encourage greater retail investor participation in retirement savings.

The company is also working with provincial and federal governments to establish dedicated pension funds for government employees.

Lucky Investments Limited is a subsidiary of YB Pakistan Limited, marking the YB Group’s strategic entry into the Islamic capital markets on December 13, 2024, its first venture into financial services.

Top AMCs of Pakistan

An AMC pools money from individual and institutional investors and invests it into a diversified portfolio of securities like stocks, bonds, and real estate, to generate optimal returns while managing risk. Colloquially, AMCs are also known as fund managers or money managers.

According to data released earlier this month by the Mutual Funds Association of Pakistan, AMCs in Pakistan had more than PKR 7.9 trillion assets under management by July.

Al Meezan Investment Management Limited was the largest AMC with PKR 603.9 billion in AUM. It was followed by NBP Fund Management Limited, with PKR 498.4 billion, MCB Investment Management Limited with PKR 401.4 billion, HBL Asset Management Limited with PKR 357.6 billion, and Alfalah Asset Management Limited with PKR 303.1 billion in AUM.