During FY23 the KSE-100 and KSE-30 index declined by -7.39% and -0.21% whereas KMI-30 improved by ~2.88%. The overall market declined due to numerous economic challenges, delays in the resumption of the IMF programmed, a growing fiscal deficit, soaring inflation, and increase in the policy rate. PACRA ranked funds comprise of four funds among the universe of twenty-eight funds. The category average showed a negative return of -4.96%. While top performing fund in the category showed a return of ~8.17%. First Capital Mutual Fund ranked 3 Star. Total return of First Capital Mutual Fund in 1-year is -3.18% which performed well from stock market negative return of -7.39%. In the end Jun’23, Fund’s generate income by investing ~71.45% in equities and ~23.81% in cash. Sector wise Fund majority invested ~13.13% in Commercial Banks, ~9.91% in Oil & Gas Exploration, ~7.52% in Oil & Gas Marketing Com. and ~24.36% in others.

During 3-year the overall market declined due to numerous economic challenges, delays in the resumption of the IMF programmed, a growing fiscal deficit, soaring inflation, and increase in the policy rate. PACRA ranked funds comprise of four funds among the universe of twenty-eight funds. The category average showed a positive return of 6.77%. While top performing fund in the category showed a return of ~54.7%. First Capital Mutual Fund ranked 3 Star. Total return of First Capital Mutual Fund in 3-year is 3.38% which performed significantly well from stock market negative return of -1.52%. In the end Jun’23, Fund’s generate income by investing ~71.45% in equities and ~23.81% in cash. Sector wise Fund majority invested ~13.13% in Commercial Banks, ~9.91% in Oil & Gas Exploration, ~7.52% in Oil & Gas Marketing Com. and ~24.36% in others.

During 5-year the overall market declined due to numerous economic challenges, delays in the resumption of the IMF programmed, a growing fiscal deficit, soaring inflation, and increase in the policy rate. PACRA ranked funds comprise of four funds among the universe of twenty-eight funds. The category average showed a negative return of -11.8%. While top performing fund in the category showed a return of ~10.5%. First Capital Mutual Fund ranked 1 Star. Total return of First Capital Mutual Fund in 5-year is -29.16%. The year 2020 was a year of severe distress due to Covid which impacted the stock market significantly with negative returns of -28.8%. Resultantly, the year also impacted the Fund's return which is also evident from 3-Years cumulative returns. In the end Jun’23, Fund’s generate income by investing ~71.45% in equities and ~23.81% in cash. Sector-wise Fund majority invested ~13.13% in Commercial Banks, ~9.91% in Oil & Gas Exploration, ~7.52% in Oil & Gas Marketing Com. and ~24.36% in others.