Karachi: The Board of Directors of NBP Fund Management Limited has released the unaudited Condensed Interim financial statements for the NBP Islamic Money Market Liquid Fund (NIMMLF) for the quarter ending September 30, 2026. The report, dated November 3, 2026, reveals a robust performance by the fund since its inception.
The NBP Islamic Money Market Liquid Fund, categorized under the Shariah Compliant Money Market Fund, closed its financial period with a fund size of Rs. 16 million. The unit price of the fund increased from Rs. 10.0000 at inception on September 17, 2026, to Rs. 10.0384 by September 30, 2026. This increase represents an annualized return of 10.78%, a figure that surpasses the benchmark return of 9.67% for the same period.
The performance of the fund is calculated net of management fees and all other related expenses. The fund is designed to maintain a weighted average time to maturity of no more than 90 days, ensuring liquidity and a high-quality credit profile.
During the first quarter of Fiscal Year 2027, the yields on government securities displayed an upward trend, particularly as the quarter concluded. This shift occurred amid ongoing inflationary pressures and significant external uncertainties. Shariah-compliant government securities were actively issued via the Pakistan Stock Exchange (PSX), with short-term Sukuk yields increasing from approximately 11.30%-11.84% in July to around 11.68%-12.49% by the final auction in September. According to information available from the Pakistan Stock Exchange (PSX), this activity reflects a responsive market adapting to fiscal pressures.
In terms of financial performance, the fund reported a total income of Rs. 0.02 million during the quarter. With total expenses recorded at Rs. 0.00 million, the net income remained at Rs. 0.02 million. The fund’s asset allocation is fully comprised of cash equivalents and other net assets, maintaining a weighted average credit rating reflective of its conservative investment strategy.
This quarterly report from NBP Fund Management Limited underscores the fund's resilience and strategic positioning in a challenging economic landscape.