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Press Release
Date: 10-Feb-23 PACRA Assigns Star Ranking of First Capital Mutual Fund
1-Year |
| Rating Details | Rating Type | Star Ranking | |
| Fund Category | Equity Fund (Open-end) | ||
| Total Fund In Category | 28 | ||
| Performance Period | 1-Year | ||
| Dissemination Date | Current (10-Feb-23) | Previous (10-Aug-22) | |
| Ranking | 3-Star | 2-Star | |
| Rating Rationale |
During CY22 the KSE-100 index benchmark declined by -9.36% 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, includes the twenty-eight Funds. The First Capital Mutual Fund ranked 3-Star. Total return of the Fund in 1-year is ~ -14.6%. In the end Dec’22, Fund’s generate income by investing ~23.8% in Debt & Money Market securities and to generate capital appreciation by investing ~72.4% in equity and equity related securities. Sector wise Fund invest in Commercial Banks ~12.6% and ~24.1% in others whereas ~10.4% in Oil & Gas Exploration Companies. 
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| Regulatory Disclosures | Analyst | Applicable Criteria | Related Research |
| Muhammad Atif Chaudhry Atif.Chaudhry@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. |
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Press Release
Date: 10-Feb-23 PACRA Assigns Star Ranking of First Capital Mutual Fund
3-Year |
| Rating Details | Rating Type | Star Ranking | |
| Fund Category | Equity Fund (Open-end) | ||
| Total Fund In Category | 28 | ||
| Performance Period | 3-Year | ||
| Dissemination Date | Current (10-Feb-23) | Previous (10-Aug-22) | |
| Ranking | 2-Star | 3-Star | |
| Rating Rationale |
During the 3-year the KSE-100 index benchmark declined by 17.42% 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, includes the twenty-eight Funds. The First Capital Mutual Fund ranked 2-Star. Total return of the Fund in 3-years is ~ -16.15%. In the end Dec’22, Fund’s generate income by investing ~23.8% in Debt & Money Market securities and to generate capital appreciation by investing ~72.4% in equity and equity related securities. Sector wise Fund invest in Commercial Banks ~12.6% and ~24.1% in others whereas ~10.4% in Oil & Gas Exploration Companies.
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| Regulatory Disclosures | Analyst | Applicable Criteria | Related Research |
| Muhammad Atif Chaudhry Atif.Chaudhry@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. |
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Press Release
Date: 10-Feb-23 PACRA Assigns Star Ranking of First Capital Mutual Fund
5-Year |
| Rating Details | Rating Type | Star Ranking | |
| Fund Category | Equity Fund (Open-end) | ||
| Total Fund In Category | 28 | ||
| Performance Period | 5-Year | ||
| Dissemination Date | Current (10-Feb-23) | Previous (10-Aug-22) | |
| Ranking | 1-Star | 1-Star | |
| Rating Rationale |
During the 5-year the KSE-100 index benchmark declined by -14.27% 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, includes the twenty-eight Funds. The First Capital Mutual Fund ranked 1-Star. Total return of the Fund in 5-years is ~ -33.79%. In the end Dec’22, Fund’s generate income by investing ~23.8% in Debt & Money Market securities and to generate capital appreciation by investing ~72.4% in equity and equity related securities. Sector wise Fund invest in Commercial Banks ~12.6% and ~24.1% in others whereas ~10.4% in Oil & Gas Exploration Companies.
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| Regulatory Disclosures | Analyst | Applicable Criteria | Related Research |
| Muhammad Atif Chaudhry Atif.Chaudhry@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. |