Karachi: HBL Asset Management Limited has released its financial performance report for various funds under its management for the period ending March 31, 2026. The funds exhibited mixed results with varying degrees of returns, reflecting the broader market conditions and economic trends.
The HBL Energy Fund reported a total income of Rs. 23,737 million and a net income of Rs. 15,435 million. The Net Asset Value (NAV) per unit decreased to Rs. 23.9907 from Rs. 26.7616 as of June 30, 2025, resulting in a negative return of 10.34%, which is classified as a big move. The benchmark KSE 30 index, in comparison, yielded a return of 23.31%. The fund’s value stood at Rs. 223 billion as of March 31, 2026, an increase from Rs. 183 billion at the start of the period.
The NBL Multi Asset Fund recorded a total income of Rs. 1,235 million and a net income of Rs. 723 million. The NAV per unit increased to Rs. 3.1953774 from Rs. 3.1858750, delivering a return of 5.39%, which is categorized as a moderate move. The benchmark index provided a return of 11.85%. The fund size remained stable at Rs. 0.15 billion.
For the NBL Growth Fund, total income was reported at Rs. 718.47 million, with a net income of Rs. 495.3 million. The fund’s value was Rs. 1.254 billion as of the end of the reporting period. The NBL Growth Fund Class ‘A’ experienced a total income of Rs. 4.35009 million and a net income of Rs. 20744 million, with an NAV decrease from Rs. 42.3369 to Rs. 37.3220, resulting in a negative return of 11.74%, classified as a big move. During the same period, the KSE 100 index yielded a return of 18.40%. Class ‘A’ fund size was Rs. 10.58 billion compared to Rs. 11.99 billion initially.
Class ‘B’ of the NBL Growth Fund earned a total income of Rs. 368.39 million and a net income of Rs. 287.79 million. The NAV per unit increased from Rs. 3.315798 to Rs. 34.5239, giving a return of 9.32%, categorized as a big move. The benchmark index provided a return of 18.40%. The size of Class ‘B’ decreased to Rs. 1.96 billion from Rs. 2.38 billion.
The NBL Investment Fund, as a whole, earned a total income of Rs. 27,259 million and a net income of Rs. 18,186 million. The fund size was reported at Rs. 4.81 billion. Class ‘A’ of this fund achieved a total income of Rs. 3.125.73 million and a net income of Rs. 7150 million, with an NAV of Rs. 13.4599 per unit, down from Rs. 15.2131, resulting in a negative return of 11.32%, classified as a big move. The KSE 100 index yielded a return of 18.40%. Class ‘A’ fund size stood at Rs. 3.82 billion, down from Rs. 4.32 billion.
Class ‘B’ of the NBL Investment Fund reported a total income of Rs. 146.86 million and a net income of Rs. 110.27 million. The NAV per unit decreased to Rs. 3.107322 from Rs. 3.147076, resulting in a return of 10.22%, classified as a big move. The size of Class ‘B’ increased to Rs. 0.98 billion from Rs. 0.93 billion.
The NBL Financial Sector Income Fund reported a total income of Rs. 389 billion and a net income of Rs. 141 billion. The collective size of the fund was Rs. 48.33 billion as of March 31, 2026.
According to information available from the Pakistan Stock Exchange (PSX), the HBL Investment Fund Class ‘B’ recorded a total income of Rs. 146.86 million, with a net income of Rs. 110.27 million. The fund’s NAV per unit was Rs. 3.107322 as on March 31, 2026.
The performance of these funds reflects broader market trends and economic conditions, with some funds experiencing significant moves, both positive and negative, in their NAVs and returns. The variations in performance underline the impact of market fluctuations and economic factors on fund values and returns.