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Performance Evaluation of Mutual Fund
Performance Evaluation of Mutual Fund
Evaluation of
Mutual Fund
Muhammad Saeed Babar Reg. # MM073003
Performance Evaluation of Meezan
Islamic Fund
Brief about Fund
Asset Management Co. - Al-Meezan Investment Management
Company Limited
Performance Evaluation
The fund has been evaluated using the NIT units as a bench mark. Following ratios
have been worked out for both funds for the purpose of comparison using the data
for the last three years from 30-04-2007 to 31-03-2010. The said data about funds
has been collected from Mutual Funds association of Pakistan website
www.mufap.com.pk. The data relating to market index has been collected from
Karachi Stock Exchange (Guarantee) limited website www.khistocks.com. The data
relating to T-Bills rates has been collected from State Bank of Pakistan website
www.sbp.org.pk . Wherever in the data if the date is different from the last day of
the month it is to be assumed to be the last day of the month.
All the ratios are positive with reference to bench mark, therefore, the Meezan
Islamic Fund performed relatively better than its bench mark.