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PACRA Assigns Star Rankings to Funds in the Asset Allocation Category – Performance Period: 5 Years

Lahore, August 04, 2022 (PPI-OT):PACRA has assigned rankings to the following open-end funds in the Equity Category based on a performance review of trailing 60 months (5-Year) for the period ended Jun 30, 2022.

The underlying universe of Asset Allocation funds used for the above rankings, in addition to PACRA ranked funds, includes the twelve Funds. NBP Sarmaya Izafa Fund ranked 3-Star. Total return of NBP Sarmaya Izafa Fund in 5-year is ~ 0.93%. In the end Jun’22, Fund’s generate income by investing ~10.7% in Debt and Money Market securities and to generate capital appreciation by investing ~77.6% in equity and equity related securities. Sector wise Fund invest in Commercial Banks ~19.4% and ~25.7% in others whereas ~13.6% in Oil and Gas Exp.

The Mutual Fund Performance Ranking (Star Ranking) aims to distinguish funds based on their relative actual performance within a category of similar funds. In measuring performance, PACRA considers absolute monthly return and its variance measured through downside deviation. The ranking is a pure quantitative measure based on historical returns of a fund relative to other funds and does not take into account other factors including the fund management capability of the asset manager and the quality of risk management systems, controls, and processes. Hence, the rankings do not provide any assurance as to the future returns of a fund.

For more information, contact:
Analyst,
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore, Pakistan
Tel: +92-42-5869504-6
Fax: +92-42-5830425
Email: hammad.rashid@pacra.com
Website: www.pacra.com

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