Lahore, February 14, 2023 (PPI-OT):During CY22 the KMI-30 index benchmark declined by -4.76% due to political turbulence, heightened economic risks arising from devastating floods, elevated inflation, slowing economic growth, PKR devaluation, and declining foreign exchange reserves. PACRA-ranked funds comprise three funds among the universe of twenty-one funds. The category average showed a negative return of -11.94%. While the top-performing fund in the category showed a return of 1.83%.

NBP Islamic Active Allocation Equity Fund ranked 3-Star. Total return of NBP Islamic Active Allocation Equity Fund in 1-year is ~-13.06%. In the end Dec’22, Fund’s generate income by investing ~2.3% in Debt and Money Market securities and to generate capital appreciation by investing ~90.1% in equity and equity related securities. Sector wise Fund invest in Oil and Gas Exploration ~27.2%, Cement ~13.6% and ~27.8% in others whereas ~7.8% in Fertilizer.

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