AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Lahore, August 16, 2023 (PPI-OT): During 5-year the overall market declined due to numerous economic challenges, delays in the resumption of the IMF programmed, a growing fiscal deficit, soaring inflation, and increase in the policy rate. PACRA ranked funds comprise of one fund among the universe of four funds. The category average showed a positive return of ~4.86%. While NBP Balanced Fund is the top performing fund in the category showed a return of ~12.8%. The year 2020 was a year of severe distress due to Covid which impacted the stock market significantly with negative returns of -28.8%.
Resultantly, the year also impacted the Fund’s return which is also evident from 3-Years cumulative returns. NBP Balanced Fund ranked 4 Star. In the end Jun’23, Fund’s generate income by investing ~56.4% in Equities, ~11.8% in cash, ~20.9 in T-Bills whereas ~9.1% in TFC/Sukuk. The Fund always managed to handle the redemption pressure by retaining enough liquidity in the form of cash. Sector wise Fund invested ~9.3% in Oil and Gas Exploration Companies, ~10% in Cement, ~5.6% in Fertilizers. Whereas ~10.3% in Commercial Banks, ~6.2% in Textile Composite and ~15% in others at the end Jun’23.
For more information, contact:
Analyst,
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore, Pakistan
Tel: +92-42-5869504-6
Fax: +92-42-5830425
Email: hammad.rashid@pacra.com
Website: www.pacra.com
The post PACRA Assigns Star Ranking to NBP Balanced Fund 5-Year appeared first on Pakistan Business News.