Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has upheld the stability rating of the 786 Smart Fund, a medium-risk investment vehicle, according to a recent press release. The Fund is structured to offer competitive, risk-adjusted returns through a diversified portfolio of Shariah-compliant debt instruments, balancing long, medium, and short-term investments with liquidity considerations.

As of December 2024, the 786 Smart Fund's asset allocation comprised approximately 75.83% in Term Finance Certificates (TFC) and Sukuk, 23.07% in bank placements, and 1.1% in other investments. The Fund's credit quality distribution included 37.14% in AA-rated investments, 23.25% in AA-, 21.04% in A, 16.39% in A+, and the remainder in unrated avenues.

With a fund size of approximately PKR 715 million at the end of December 2024, the Weighted Average Maturity (WAM) was reported at 518 days, indicating exposure to credit risk. PACRA noted that any significant changes in the investment policy or compliance with rating criteria could affect the Fund’s current rating.

The 786 Smart Fund aims to deliver substantial returns to its investors while adhering to Shariah principles, making it a unique option for those seeking ethical investment opportunities.