Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the stability rating of the Alfalah GHP Money Market Fund (AGMMF), maintaining its classification under a low-risk profile. The fund aims to deliver competitive returns by investing in a portfolio of short-term instruments, including cash deposits, money market placements, and government securities.

AGMMF reported Assets Under Management (AUM) of PKR 66.15 billion as of June 2025. Its asset allocation strategy includes 52.7% in Treasury Bills, 21.6% in cash placements, 13.3% in Pakistan Investment Bonds, 8.5% in government-guaranteed debt securities, with smaller allocations in TFCs/Sukuks and placements with banks or Development Financial Institutions.

The fund's investment in government securities and AAA-rated instruments represents 84.5% of its assets, ensuring high credit quality and protection against credit risk. The remaining assets are distributed between AA and A1+ rated securities.

The fund's Weighted Average Maturity (WAM) stands at 54 days, reflecting limited exposure to interest rate fluctuations. This duration management aligns with its low-risk objectives while allowing for competitive yields.

PACRA noted that any significant changes in AGMMF's investment policy or compliance with rating criteria could impact its ratings in the future.