Top Performing Mutual Funds In Pakistan
The mutual fund industry in Pakistan grew at a quicker pace, with the economy recovering gradually from the impact of Covid-19. The total assets under management (AUM) of the industry reached approx. $6.5 billion in December 2020, due to high investments and returns. Further, in August 2021, the reversal of the provision against Sindh Workers’ Welfare Fund’s liability of respective funds contributed towards an unexpected increase in NAV of various other mutual funds.
Here are the funds that reported top performance in 2021 and that you can invest in through money transfer to Pakistan.
NBP Government Securities Liquid Fund (NGSLF)
It is another open-ended money market fund in which you can invest through money transfer to Pakistan. NMMF offers its investors attractive, and better return potential compared to other saving options. It invests in low-risk, highly liquid, and short-term investment avenues to preserve the capital of the investors.
Up to November 3, 2021, this fund has grown by 9.55% YTD and 7.94% in the last 365 days. Its current AUM is 25.6 billion and its NAV price is 9.9175 PKR. The PACRA ranks the fund AA(f) based on fund stability and AM1 for asset management.
It is yet another open-ended money market fund that constructs a liquid portfolio of short-term and low-risk investments. LMMF aims to provide competitive and stable returns as per the money markets. The fund offers low volatility for capital preservation.
The fund has reported a growth of 8.92% YTD and 7.76% in the previous 365 days till November 3, 2021. Currently, the fund has an AUM of 10.04 billion and a NAV price of 100.9181 PKR. LMMF had received a fund stability rating of AA+(f) and an asset manager rating of AM2+ by PACRA.
This open-ended fund aims to offer very low price and credit volatility and high liquidity to investors by generating consistent returns by primarily investing in short-term sovereign (government) securities.
AKSCF has reported a growth of 8.90% YTD and 7.75% in the prior 365 days till November 4, 2021. Currently, its AUM is 1.62 billion and its NAV price is 105.3344 PKR. The PACRA has rated AKSCF AA+(f) for fund stability.
The next three top-performing funds are Pakistan Cash Management Fund (PCF), HBL Cash Fund, and Alfalah GHP Money Market Fund. PCF has shown a growth of 8.84% YTD and 7.85% in the last 365 days up to November 3, 2021. HBL Cash Fund has grown by 8.76% YTD and 7.71% in the preceding 365 days up to November 4, 2021. Alfalah GHP Money Market Fund has witnessed a growth of 8.75% YTD and 7.70% in the last 365 days till November 3, 2021.
When you decide to transfer money to Pakistan to invest in a fund, keep in mind the above performance highlights of the mutual funds. Compare them to opt for the fund that meets your future financial goals.