During CY23 the KSE-100, KSE-30 index and KMI-30 improved by ~54.50%, ~40.04% and ~53.39%. This notable upswing was propelled by changing macroeconomic drivers, initiated by the approval of the IMF program by mid of the year followed by the revival of foreign investment, stability in PKR: USD parity, stability in the policy rate, improvement in foreign exchange reserves and a decline in inflation trajectory. PACRA ranked funds two funds among the universe of thirteen funds. The category average showed a positive return of ~36.69%. While top performing fund in the category showed a return of ~63.58%. NBP Sarmaya Izafa Fund ranked 3 Star. The total return of NBP Sarmaya Izafa Fund in 1-year is ~49% which performed significantly well from the stock market positive return of 40.04%. At the end of Dec'23, the Fund generates income by investing ~69.2% in Equities, ~25.8% in cash and ~3.5% in TFC/Sukuk. The Fund always managed to handle the redemption pressure by retaining enough liquidity in the form of cash. Sector-wise Fund invested ~19% in Commercial Banks, ~15.7% in Oil & Gas Exploration Companies, ~7.7% in Cement, and ~6.9% in Fertilizers. Whereas 5% in Power Generation & Distribution, and ~14.9% in others at the end of Dec'23.

During 3-year, the overall market faced numerous economic challenges; delays in the resumption of the IMF program, a growing fiscal deficit, and fluctuation in the policy rate and inflation. PACRA ranked two funds among the universe of thirteen funds. The category average showed a return of ~28.3%. %. The year 2020 was a year of severe distress due to Covid which impacted the stock market significantly. While top-performing fund in 3-Year of the category showed a return of ~52.23%. NBP Sarmaya Izafa Fund ranked 3 Star. The total return of NBP Sarmaya Izafa Fund in 3-year is ~40.01% which performed well from the stock market return of 14.28%. At the end of Dec'23, the Fund generates income by investing ~69.2% in Equities, ~25.8% in cash and ~3.5% in TFC/Sukuk. The Fund always managed to handle the redemption pressure by retaining enough liquidity in the form of cash. Sector-wise Fund invested ~19% in Commercial Banks, ~15.7% in Oil & Gas Exploration Companies, ~7.7% in Cement, and ~6.9% in Fertilizers. Whereas 5% in Power Generation & Distribution, and ~14.9% in others at the end of Dec'23.

During 5-year, the overall market faced numerous economic challenges; delays in the resumption of the IMF program, a growing fiscal deficit, and fluctuation in the policy rate and inflation. The year 2020 was a year of severe distress due to Covid which impacted the stock market significantly. PACRA ranked two funds among the universe of thirteen funds. The category average showed a return of ~55.81%. While top-performing fund in 5-Year of the category showed a return of ~92.54%. NBP Sarmaya Izafa Fund ranked 3 Star. The total return of NBP Sarmaya Izafa Fund in 5-year is ~66.45% which performed well from the stock market return of 20.98%. At the end of Dec'23, the Fund generates income by investing ~69.2% in Equities, ~25.8% in cash and ~3.5% in TFC/Sukuk. The Fund always managed to handle the redemption pressure by retaining enough liquidity in the form of cash. Sector-wise Fund invested ~19% in Commercial Banks, ~15.7% in Oil & Gas Exploration Companies, ~7.7% in Cement, and ~6.9% in Fertilizers. Whereas 5% in Power Generation & Distribution, and ~14.9% in others at the end of Dec'23.