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Lahore, August 16, 2023 (PPI-OT): During FY23 the KSE-100 and KSE-30 index declined by -7.39% and -0.21% whereas KMI-30 improved by ~2.88%. 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 two funds among the universe of thirteen funds. The category average showed a positive return of ~6.71%. While top performing fund in the category showed a return of ~22.16%. NBP Sarmaya Izafa Fund ranked 3 Star.
Total return of NBP Sarmaya Izafa Fund in 1-year is ~2.63% which performed significantly well from stock market negative return of -7.39%. In the end Jun’23, Fund’s generate income by investing ~70.8% in Equities, ~19.7% in cash whereas ~5.9% 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 ~14% in Oil and Gas Exploration Companies, ~7.5% in Cement, ~8.2% in Fertilizers. Whereas ~4.6% in Power Generation and Distribution, ~18.8% in Commercial Banks and ~17.3% 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
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