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PACRA Assigns Star Ranking to NBP Balanced Fund 1-Year

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 one fund among the universe of four funds. The category average showed a positive return of ~3.83%. While top performing fund in the category showed a return of ~5.21%. NBP Balanced Fund ranked 3 Star.

Total return of NBP Balanced Fund in 1-year is ~2.60% which performed significantly well from stock market negative return of -7.39%. 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

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