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Karachi, The latest financial updates for HBL’s series of mutual funds have been released, reflecting varying performances and distributions as the fiscal year closed in June.
The HBL Income Fund announced an offer price of 124.02 and a redemption price of 121.95, with a distribution of 5.00% for the year, equating to Rs 5.50 per unit. This fund has been listed since 2007. The HBL Islamic Asset Allocation Fund, listed since 2016, posted an offer price of 140.43 and a redemption price of 137.33, with a 7.00% distribution, translating to Rs 0.30 per unit.
In contrast, several funds reported no activity in terms of price changes or distributions. Both the HBL Growth Fund Class-B- units and the HBL Islamic Asset Allocation Fund – Plan – 1 showed an offer and redemption price of 0 with no distributions. These funds were listed in 2018 and 2023, respectively.
The HBL Islamic Equity Fund, with a listing year of 2014, showed an offer price of 86.85 and a redemption price of 84.93, distributing 27.00%, although no specific per unit distribution was noted. Meanwhile, the HBL Islamic Income Fund offered details of a 5.20% distribution, amounting to Rs 5.00 per unit, with an offer price of 113.8 and a redemption price of 111.9.
Lastly, the HBL Money Market Fund, which has been active since 2010, disclosed an offer price of 112.3 and a redemption price of 111.04, along with a distribution of 6.30% or Rs 5.15 per unit.