Performance Analysis and Management of Askari Income Fund

Abstract

The research work included in this project analyzes the understanding, functioning, and maintenance of a typical income fund in Pakistan. It also covers the comparative study of the public and private sector income funds, key players in this sector and their performance. For this matter, Askari Income Fund [AIF] is chosen. The relevant policies that are applicable in AIF and those that proved to be successful over time in AIF were studied, and finally recommended to Pakistan. The existing market of income funds in Pakistan is not fully structured and at the same time it lacks due attention to be given by common investor. It covers the problems income fund industry faced since its inception in the country, performance of other existing Income Fund Management Companies, Barriers in the development of this income fund since its inception and the challenges and opportunities AIF is facing. The research also covers the management of Income Fund, how Net Asset Value is calculated and various other financials associated with the Redemption of Units of Income Fund, calculation of Annual yield etc. The Fair value of the Askari Income Fund is also calculated. A wind of change is blowing across the income fund industry. The future of the industry appears to be promising and is poised for growth. Income Fund industry can thrive on a sustainable basis only if new innovative products are continuously introduced in the industry. Thus, to conclude, there are many opportunities for this sector in Pakistan as well as for AIF. Some steps have been taken but the pace of work is slow. More can be accomplished through realizing its importance.