Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed its stability rating for the NBP Savings Fund, a moderate risk profile fund designed to generate competitive returns while prioritizing capital preservation through investments in liquid assets. As of December 2025, the fund's assets under management (AUM) reached approximately PKR 11,850 million, showing a significant increase from PKR 6,065 million in June 2025. This growth reflects the fund's adherence to its investment strategy.

According to The Pakistan Credit Rating Agency Limited, the NBP Savings Fund maintained a diversified asset allocation with around 67.20% in cash holdings, 18.30% in bank placements, 10.10% in treasury bills, and 3.00% in the margin trading system, with the remainder invested in other instruments such as receivables. The fund's portfolio displayed a moderate credit risk exposure, with 46.50% of investments in AA- rated avenues, 24.10% in A+ rated instruments, 14.10% in AAA rated avenues, and 10.10% in government securities. The weighted average maturity (WAM) and duration were both 18 days at the end of December 2025, minimizing exposure to interest rate and credit risk.

The unit holding pattern of the fund was notably concentrated, with the top 10 investors holding approximately 63.88% of the units. Despite this concentration, the fund achieved a 12-month trailing return of 13.80% as of December 2025, surpassing its benchmark return of 11.10%, demonstrating performance above the benchmark. Any significant changes in the fund's investment policy or the rating criteria could impact the stability rating in the future.