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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 two funds among the universe of thirteen funds. The category average showed a return of ~13.4%. While top performing fund in 5-Year of the category showed a return of ~42%. NBP Sarmaya Izafa Fund ranked 3 Star. Total return of NBP Sarmaya Izafa Fund in 5-year is ~11.2%. 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. 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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