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PACRA Assigns Star Ranking to NBP Islamic Sarmaya Izafa 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 two funds among the universe of twelve funds. The category average showed a positive return of ~6.05%. While top performing fund in the category showed a return of ~17.46%. NBP Islamic Sarmaya Izafa Fund ranked 2 Star.

Total return of NBP Islamic Sarmaya Izafa Fund in 1-year is ~2.6% which is in line with the stock market return of 2.8%. In the end Jun'23, Fund's generate income by investing ~74.4% in Equities, ~18.3% in cash whereas ~3.3% in Sukuk. The Fund always managed to handle the redemption pressure by retaining enough liquidity in the form of cash. Sector wise Fund invested ~23% in Oil and Gas Exploration Companies, ~12.5% in Cement, ~8.1% in Fertilizers. Whereas ~7.2% in Power Generation and Distribution, ~6.1% in Technology and Communication and ~17.5% 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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