Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of Alhamra Cash Management Optimizer, an Islamic Money Market Scheme. The fund aims to deliver competitive returns through investments in liquid Shariah-compliant money market securities, appealing to investors prioritizing capital preservation, liquidity, and stable income generation.

According to PACRA, as of March 2026, the fund's assets under management (AUM) surged to PKR 58,594 million, marking a 72% increase from PKR 34,044 million in September 2025. This significant growth indicates strong investor confidence in the fund's investment strategy and ability to provide risk-adjusted returns. The asset allocation at the end of March 2026 consisted of 58% in cash and cash equivalents, 37% in placements with banks and DFIs, and 2% in Sukuks.

The credit quality of the fund remains robust, with 58% of assets in AA-rated instruments, 24.6% in AAA-rated avenues, and 12% in AA+ rated exposures. The fund's weighted average maturity was 31 days, reflecting low sensitivity to profit rate changes and credit risk. The annualized one-year return was 10.31% as of March 2026, surpassing its benchmark by 95 basis points.

Future changes in investment policy or compliance with rating criteria could impact the fund's ratings, PACRA noted.