Abstract:
This study has emphasized on identifying the performance of mutual funds in Pakistan. This study has used mutual fund investment and number of customers as independent variables. Whereas, return on asset and return on equity, have been used as dependent variables. Meanwhile, conventional and Islamic mutual funds of Pakistan have been chosen for this study, as historical data regarding these variables have been collected from the period of 2015 – 2019 through secondary sources of data (annual financial statements). Whereas, statistical instruments, such as graphs, correlation, and regression, have been used primarily to identify the relationship between variables of this study. Results have been drawn through statistical instruments mentioned above, with the help of Strata software. Based on the findings, it has been proved that mutual funds investment and number of customers are related with return on asset and return on equity in conventional and Islamic mutual funds of Pakistan. Conclusively, this study has found out that both conventional and Islamic mutual funds are high performing, as mutual funds investment in conventional and Islamic mutual funds of Pakistan is positively related with return on asset and return on equity and number of customers is negatively related with return on asset and return on equity
