PACRA Maintains Stability Rating of AKD Cash Fund

AKD Cash Fund ('AKD CF' or 'the Fund') reflects the Fund’s low risk profile. The objective of AKD Cash Fund (AKDCF) is to provide optimum returns consistent with minimal risk from a portfolio constituted of high-quality short-term securities/instruments, which will provide liquidity. The Fund will exclusively invest in highly secure ('AA' and above) short-term debt instruments such that the weighted average maturity of its net assets will stay below 90 days. At the end-June 2025, in terms of asset allocation, the exposure in T‐bills was ~84.84%, ~10.18% in Commercial Papers/ Short Term Sukuks, ~3.68% in GoP Ijarah Sukuk, ~0.95% in Cash, the remaining ~0.35% in others including receivables. In perspective of credit quality, the Fund had invested ~89% in Government Securities, ~10% in AA rated avenues, and the remaining ~1% in AA+ rated avenues. At the end-June 2025, the Weighted Average Maturity (WAM) of the Fund stood at 82 days.
Going forward, any material changes in the investment policy and compliance with the rating criteria for the assigned rating would have an impact on the ratings.

About the Entity
AKD Investment Management Limited commenced its operations in September 2004. The Company is registered as an Asset Management Company under the Non-Banking Finance Companies Rules, 2003. The Company is sponsored by AKD Group Holdings (Private) Limited [Formerly: Aqeel Karim Dhedhi Securities(Private) Limited] (99.97% ownership). The Board of Directors of the Company comprises seven members, including the CEO Mr. Imran Motiwala, who has been serving as the Chief Executive Officer of AKD Investment Management Limited since 2009. The Company is currently managing eight open-end funds with assets under management of ~PKR 9,676mln at the end of Jun'25.