Mutual fund industry appreciates by 1.5pc

KARACHI: The local mutual funds industry appreciated by only 1.5 percent during the quarter ended on September 30, primarily due to the money market category performance, whereas other funds categories consistently showed a declining trend, according to the data compiled by InvestCap on Wednesday.

As on September 30, the local mutual funds industry stood at Rs202 billion, declining by 2.4 percent against the industry size as on June 30.