Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the asset manager rating of 786 Investments Limited, acknowledging the company's sponsorship profile, market credibility, and operational stability. The asset management company (AMC), part of the First Dawood Group, maintains its position through transparency and sound corporate governance, bolstered by a seasoned management team.

According to PACRA, the AMC's assets under management (AUM) remained stable at approximately PKR 1.9 billion by the end of the first nine months of 2026, holding a market share of 0.04%. The industry witnessed a 12.4% year-on-year growth in assets, with Shariah-compliant funds rising by 19.2% and conventional funds by 6.3%. 786 Investments Limited manages the 786 Smart Fund and the 786 Islamic Money Market Fund, both in the Shariah-compliant categories, and has shown fund performance above benchmarks.

The AMC recently obtained a VPS license and plans to introduce a pension fund, leveraging Dawood Family Takaful as a distribution partner. Currently, 786IL's clientele is predominantly institutional, with efforts underway to increase retail investor engagement through an expanded distribution network and enhanced digital platforms. Despite a slight decline in management fee income and a notable drop in profitability, the company's strategy focuses on increasing AUMs and maintaining strong fund performance. The rating's sustainability relies on these efforts and the adherence to high governance and risk management standards.