KARACHI: The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed its stability rating for the JS Money Market Fund, indicating a continued low-risk profile for investors. The Fund, known for its low-risk investment strategy, aims to deliver competitive returns through investments in highly liquid and short-duration money market instruments.

As of December 2024, the Fund’s assets under management were approximately PKR 781 million. The portfolio allocation included around 29% in bank placements, 66% in Treasury Bills, 3% in short-term sukuk, with the remainder in other investments. The Fund primarily invests in Government Securities and AAA-rated instruments, comprising about 67% of its holdings.

The Fund’s weighted average maturity stood at 69 days at the end of December 2024, reflecting moderate interest rate risk. This risk is considered manageable due to the high quality of the Fund’s investments in Government Securities.

Future changes in the Fund’s investment policy or rating criteria could affect its current rating. The stability rating underscores the Fund’s sound investment policy and low credit risk profile.