Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has announced the maintenance of the stability rating of the AKD Cash Fund, reflecting its low-risk profile. The fund, known as AKD CF, is designed to provide optimal returns with minimal risk by investing in high-quality short-term securities.

The AKD Cash Fund focuses on maintaining liquidity by investing in secure short-term debt instruments that boast a high credit rating of 'AA' or above. The weighted average maturity of the fund's net assets remains under 90 days, a strategy aimed at minimizing risk.

As of the end of June 2025, the fund's asset allocation included approximately 84.84% in Treasury bills, 10.18% in commercial papers and short-term Sukuks, 3.68% in Government of Pakistan Ijarah Sukuk, 0.95% in cash, and the remaining 0.35% in other assets, including receivables.

In terms of credit quality, the fund invested about 89% in government securities, 10% in AA-rated avenues, and the remaining 1% in AA+ rated avenues. At the same time, the fund's weighted average maturity was reported at 82 days.

PACRA highlighted that any significant changes in the fund's investment policy or non-compliance with rating criteria could affect the current rating.