Karachi: NBP Fund Management Limited, in its annual report dated October 1, 2026, disclosed a substantial increase in the net assets of the NBP Sarmaya Izafa Fund for the fiscal year ending June 30, 2026. The fund's net assets rose from 759.40 million rupees in 2025 to 1.11 billion rupees in 2026, marking a significant move of 45.79%.

The increase in net assets was primarily driven by a surge in investments, which climbed from 698.84 million rupees to 992.95 million rupees. According to information available from the Pakistan Stock Exchange (PSX), the number of units issued also saw an increase, rising to 26,741,866 from 25,504,164, while the net asset value per unit advanced to 41.3990 rupees from 29.7753 rupees.

Despite the growth in assets, the fund's total income experienced a slight decline, posting 358.88 million rupees in 2026 compared to 360.92 million rupees in the previous year, reflecting a minor move of -0.56%. The primary contributors to income were gains on the sale of investments, which increased to 85.37 million rupees from 76.12 million rupees, and dividend income, which rose marginally to 42.83 million rupees from 40.98 million rupees.

However, the fund's expenses saw a notable increase, reaching 40.00 million rupees, up from 32.88 million rupees, resulting in a decrease in net income before taxation, which fell from 328.03 million rupees to 318.88 million rupees. The fund reported no tax liability for the year, maintaining its net income after taxation at 318.88 million rupees.

The fund's management allocated 292.37 million rupees of net income for distribution, aligning with capital gains and reflecting a steady distribution strategy despite the decreased earnings. The designated market category for the fund remains focused on investments and financial services.