Press Release

Date: 10-Feb-23

PACRA Assigns Star Ranking to NBP Sarmaya Izafa Fund
1-Year

Rating Details Rating Type Star Ranking
Fund Category Asset Allocation Fund
Total Fund In Category 13
Performance Period 1-Year
Dissemination Date Current (10-Feb-23) Previous (04-Aug-22)
Ranking 3-Star 3-Star

Rating Rationale

During CY22 the KSE-30 index benchmark declined by -15.22% due to political turbulence, heightened economic risks arising from devastating floods, elevated inflation, slowing economic growth, PKR devaluation, and declining foreign exchange reserves. PACRA ranked funds comprise five funds among the universe of thirteen funds. The category average showed a negative return of -3.89%. While the top-performing fund in 1-year of the category showed a return of 14%. NBP Sarmaya Izafa Fund ranked 3-Star. Total return of NBP Sarmaya Izafa Fund in 1-year is ~ -8.65%. In the end Dec’22, Fund’s generate income by investing ~27.5% in Debt & Money Market securities and to generate capital appreciation by investing ~68.9% in equity and equity related securities. Sector wise Fund invest in Commercial Banks ~17.4% and ~19.0% in others whereas ~13.6% in Oil & Gas Exp.


Regulatory Disclosures Analyst Applicable Criteria Related Research
Madiha Sohail
madiha.sohail@pacra.com
+92-42-35869504
www.pacra.com

Assessment Framework | Performance Ranking | Jun-22

Sector Study | Mutual Funds | Performance | Feb-22

Disclaimer This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA. The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.
Press Release

Date: 10-Feb-23

PACRA Assigns Star Ranking to NBP Sarmaya Izafa Fund
3-Year

Rating Details Rating Type Star Ranking
Fund Category Asset Allocation Fund
Total Fund In Category 13
Performance Period 3-Year
Dissemination Date Current (10-Feb-23) Previous (04-Aug-22)
Ranking 3-Star 3-Star

Rating Rationale

During the 3-year the KSE-30 index benchmark declined by -16.64% due to heightened economic risks arising from dreadful Coronavirus pandemic, Strict lockdowns, elevated inflation, slowing economic growth, PKR devaluation, political turbulence and declining foreign exchange reserves. PACRA ranked funds comprise five funds among the universe of thirteen funds. The category average showed a positive return of 9.17%. While the top-performing fund in 3-year of the category showed a return of 57%. NBP Sarmaya Izafa Fund ranked 3-Star. Total return of NBP Sarmaya Izafa Fund in 3-year is ~ -0.86%. In the end Dec’22, Fund’s generate income by investing ~27.5% in Debt & Money Market securities and to generate capital appreciation by investing ~68.9% in equity and equity related securities. Sector wise Fund invest in Commercial Banks ~17.4% and ~19.0% in others whereas ~13.6% in Oil & Gas Exp.


Regulatory Disclosures Analyst Applicable Criteria Related Research
Madiha Sohail
madiha.sohail@pacra.com
+92-42-35869504
www.pacra.com

Assessment Framework | Performance Ranking | Jun-22

Sector Study | Mutual Funds | Performance | Feb-22

Disclaimer This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA. The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.
Press Release

Date: 10-Feb-23

PACRA Assigns Star Ranking to NBP Sarmaya Izafa Fund
5-Year

Rating Details Rating Type Star Ranking
Fund Category Asset Allocation Fund
Total Fund In Category 13
Performance Period 5-Year
Dissemination Date Current (10-Feb-23) Previous (04-Aug-22)
Ranking 3-Star 3-Star

Rating Rationale

During the 5-year the KSE-30 index benchmark declined by -26.6% due to drastic economy downfall after CY18, heightened economic risks arising from dreadful Coronavirus pandemic, Strict lockdowns, elevated inflation, slowing economic growth, PKR devaluation, political turbulence and declining foreign exchange reserves. PACRA ranked funds comprise five funds among the universe of thirteen funds. The category average showed a negative return of -3.72%. While the top-performing fund in 5-year of the category showed a return of 55%. NBP Sarmaya Izafa Fund ranked 3-Star. Total return of NBP Sarmaya Izafa Fund in 5-year is ~9.9%. In the end Dec’22, Fund’s generate income by investing ~27.5% in Debt & Money Market securities and to generate capital appreciation by investing ~68.9% in equity and equity related securities. Sector wise Fund invest in Commercial Banks ~17.4% and ~19.0% in others whereas ~13.6% in Oil & Gas Exp.


Regulatory Disclosures Analyst Applicable Criteria Related Research
Madiha Sohail
madiha.sohail@pacra.com
+92-42-35869504
www.pacra.com

Assessment Framework | Performance Ranking | Jun-22

Sector Study | Mutual Funds | Performance | Feb-22

Disclaimer This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA. The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.