Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating for Alfalah GHP Income Fund, a medium-risk investment vehicle focused on fixed income instruments. The fund, known for its liquidity and conservative portfolio, reported Assets Under Management (AUM) of PKR 12.362 billion as of June 2025, highlighting its significant presence in Pakistan's fixed income market.

The fund's portfolio is heavily weighted toward cash placements, constituting 85.3% of its net assets. Additionally, 4.1% of assets are invested in Pakistan Investment Bonds, 4.3% in Treasury Bills, and 2.7% in MTS. The credit quality of the fund shows a strong inclination towards high-grade instruments with 64.29% held in government securities or AAA-rated instruments. However, there is a notable portion, 29.5%, in A-rated avenues, with 1.7% in AA+/A1+ rated investments.

Despite the fund's high-grade focus, its exposure to lower-rated instruments exceeds the required threshold for its current rating level, necessitating vigilant oversight. The fund's Weighted Average Maturity is 47.5 days, a figure that indicates its high liquidity and conservative investment approach.

PACRA noted that any significant changes in the fund's investment policy or compliance with rating criteria could affect its future ratings. The management team remains committed to adhering to prudent investment practices and maintaining compliance with relevant laws to deliver competitive returns to its unit holders.