About Us

HBL Asset Management Limited (HBL AML) is a wholly owned subsidiary of HBL, the largest commercial bank in Pakistan. The company was incorporated in February, 2006 as a public limited company under the Companies Ordinance 1984. It was licensed for Investment Advisory and Asset Management Services by the Securities and Exchange Commission of Pakistan in April, 2006. The company launched its first fund in 2007 and has developed a track record of strong and consistent growth over the past decade. With a nationwide foot print of retail and corporate clients, HBL AML is one of the largest private fund management company in the country. During the year 2016, HBL AML acquired PICIC Asset Management Company Limited which has subsequently merged into HBL AML. Our product suite includes both conventional and sharia-compliant portfolios and we are managing 14 open end mutual funds, two closed end funds along with two pension funds. HBL Asset Management is rated AM2 by JCR-VIS rating. HBL Asset Management is a Medium size company.

Fund List:

Conventional Mutual Funds

  • HBL Money Market Fund
  • HBL Cash Fund (Formerly PICIC Cash Fund)
  • HBL Income Fund
  • HBL Government Securities Fund (Formerly PICIC Income Fund)
  • HBL Mustahekum Sarmaya Fund
  • HBL Multi Asset Fund
  • HBL Stock Fund
  • HBL Energy Fund (Formerly PICIC Energy Fund)
  • HBL Equity Fund (Formerly PICIC Stock Fund) 

Shariah Compliant Mutual Funds

  • HBL Islamic Money Market Fund
  • HBL Islamic Income Fund (Formerly PICIC Islamic Income Fund)
  • HBL Islamic Asset Allocation Fund
  • HBL Islamic Stock Fund
  • HBL Islamic Equity Fund (Formerly PICIC Islamic Stock Fund)

Pension Funds

  • HBL Pension Fund
  • HBL Islamic Pension Fund

Closed End Funds

  • PICIC Investment Fund
  • PICIC Growth Fund

Auditor of HBL AMC

A.F. Ferguson & Co. Chartered Accountants

Legal Advisor

Mandviwalla & Zafar, Advocates and Legal Consultants.