Dawood Capital Management Limited (DCM) was founded in May 2003 by First Dawood Group (FDG) and Asian Development Bank (ADB) to undertake asset management business in Pakistan.

In May 2003, DCM floated its first open-end money market fund titled "Dawood Money Market Fund (DMMF)" with a record core capital of Rs. 300 million. Management floated its first closed-end balanced fund "First Dawood Mutual Fund (FDMF)" of Rs. 500 million in March 2005. In July 2007, DCM floated its first open-end Shariah Compliant Asset Allocation fund "Dawood Islamic Fund (DIF)" with a seed capital of Rs. 250 million. All funds are listed on the Karachi Stock Exchange.s

Our FDG management has over twenty years of experience with the Stock Exchanges and Money Markets. Additionally, we have an extensive research and development department that advises us on market trends and economics conditions.

Our organization is fully committed to employing the utmost level of efficiency, integrity and professionalism required and we prioritize a personal hands-on touch for our clients.

Interesting Fact: DCM was originally Pakistan Venture Capital Ltd., which started its business operations on January 1, 1993 , with the principal objective to undertake and promote the business of venture capital financing and other related services. On March 16, 1999, FDG took over management of DCM and due to the dearth of venture activities in Pakistan at that time, at the suggestion of ADB, converted into DCM.