Lahore, October 20, 2021 (PPI-OT):NBP Money Market Fund (or the “Fund”) is a low-risk profile fund. The Fund has a highly liquid nature and adheres to its Investment Policy by having an impressive average duration of 1 day (At end Jun’21). This minimizes the exposure to interest rate risk and in this particular case, the interest rate risk is virtually non-existent. Moreover, 99.5% of the Fund’s total assets are placed in Bank Deposits with banks mostly rated ‘AA+’ and above.

The unit holding pattern is adequate as the top 10 investors contribute towards 34.23% of the total Fund’s assets. Therefore, the Fund faces a low to moderate level of redemption pressure. The extremely liquid nature of the Fund is continuously expected to provide an active cushion against this risk. Going forward, in accordance with the investment policy the fund intends to maintain its current asset allocation. Material changes in the fund’s asset allocation will impact the credit rating.

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