PACRA Maintains Stability Rating of MCB DCF Fixed Return Fund

MCB DCF Fixed Return Fund ('MCB DCFFRF' or the 'Fund') is a very low-risk profile Fund. The objective of the Fund is to provide promised fixed return to the unit holders by investing in Fixed Income Securities. As of Dec'24, the Fund’s Assets Under Management (AUM) stood at PKR 56.3 billion. In terms of asset class, ~90% was allocated to T-Bills and ~10% in PIBs. In perspective of credit quality, the Fund had invested 100% to Government Securities/AAA rated instruments, ensuring minimal credit risk exposure. A of Dec'24, The Fund maintained a Weighted Average Maturity (WAM) and duration of 151 days, reflecting a moderate sensitivity to interest rate risk while prioritizing liquidity and capital preservation. This disciplined investment strategy highlights the Fund’s ability to thrive across diverse market cycles and economic environments.
Going forward, any material changes in the investment policy and/or compliance with the rating criteria for the assigned rating would have an impact on the ratings.

About the Entity
MCB Investment Management Limited (MCBIM) is a public listed company regulated by the Securities and Exchange Commission of Pakistan (SECP). It holds licenses for asset management, investment advisory, and pension fund management, catering to both Conventional and Shariah investment solutions. As of December 2024, MCBIM manages a diversified portfolio, including 26 Open-End Mutual Funds and 4 Voluntary Pension Schemes, while also maintaining a leading position in Separately Managed Accounts (SMA) and investment advisory services. MCBIM’s major shareholders include MCB Bank Limited (~81.42%), Adamjee Insurance Company Limited (~7.59%), and the general public (~9.28%). Mr. Khawaja Khalil Shah serves as the Chief Executive Officer of the company. The Board comprises a balanced composition of 4 Non-Executive Directors and 3 Independent Directors, ensuring robust governance, objective decision-making, and alignment with regulatory best practices. The Company’s assets under management (AUM) have grown significantly, reaching approximately PKR 588 Billion as of December 2024, reflecting its strong market presence and consistent growth in Pakistan’s asset management industry.