IAML was incorporated on December 21, 2021, under the Companies Act, 2017 and is registered with the Securities and Exchange Commission of Pakistan (SECP). It is regulated under the Non-Banking Finance Companies (Establishment and Regulation) Rules 2003 and the Non-Banking Finance Companies and Notified Entities Regulations, 2008.
IAML’s culture is defined by Group Core Values, which are the cornerstone and guide to our daily business decisions. IAML will uphold its fiduciary responsibility to all Stakeholders and Clients at all times. IAML provides its services from its offices in Karachi and Islamabad.
IAML will sell and manage collective investment schemes (open-end funds) and designs and manages individually tailored investment portfolios to meet Client needs. IAML has obtained the required licenses from the SECP on 18th April 2022 to undertake the following form of businesses:
Mutual Funds Business
Two Open-end Funds are in the process of Regulatory approvals. IAML will be launching an Equity Fund and a Money Market Fund by the end of FY23.
Investment Advisory Business
The Company has successfully launched its Advisory Business and is encouraged by the response received so far, from Group Sponsors and associates. Funds under management, are Rs 580mn, 31 Dec 22, (Rs 200mn under process), up from Rs 220mn, as of 30 September 2022. The requirement of our Clients is a highly bespoke investment strategy designed to meet individual needs, and a dedicated and resourceful investment team that can navigate the markets with efficiency and agility. Our Investment Advisory services include capital market, equity and fixed-income research, sectoral and individual company valuation, asset allocation and asset/liability monitoring, portfolio management, fund-manager identification and related due diligence and monitoring for outsourced mandates, along with performance measurement.
IAML’s staffing, and hiring of required personnel is underway. We completely recognize the sourcing and retention of top industry talent as a key to long-term success. The development and deployment of supporting systems, website and mobile application is underway, for Mutual Fund sales and redemptions and an online Investment Advisory portal. We intend leveraging off available capital market digital platforms for cost-effective outreach, marketing and distribution.
Our focus for both Funds and Advisory, is on offering easy and uncomplicated savings and investment solutions for the investing public, through cutting edge fin-tech for Wealth Management in Pakistan, to actively promote financial inclusion and add real value to the investing public, across all income levels. We are very excited about the growth potential of the business and the opportunities to provide truly value-added services to investors.