Karachi: The Board of Directors of AKD Investment Management Limited (AKDIML) has released its annual report for the fiscal year ending June 30, 2026. The report details the financial performance of its various funds, highlighting significant returns against benchmark indices. This comes against the backdrop of a transitioning macroeconomic environment in Pakistan.
The AKD Opportunity Fund (AKDOF) reported a return of 37.01% for FY26, compared to a benchmark KSE-100 Index return of 43.52%. The board approved a total distribution of PKR 3.00 per unit for the year. Meanwhile, the Golden Arrow Stock Fund (GASF) achieved a return of 29.53%, also trailing the KSE-100 Index, with a distribution of PKR 0.50 per unit.
The AKD Islamic Stock Fund (AKDISSF) recorded a 26.72% return against the benchmark KMI-30 Index return of 39.18%. Unit holders received a distribution of PKR 1.00 per unit. The AKD Index Tracker Fund (AKDITF) marked a return of 41.64%, closely aligning with its benchmark, and distributed PKR 2.00 per unit to unit holders.
In the cash and income fund category, the AKD Cash Fund (AKDCF) reported a return of 10.50%, compared to the benchmark return of 10.73%, with an approved distribution of PKR 5.31 per unit. The AKD Islamic Income Fund (AKDISIF) posted a return of 9.49%, surpassing its benchmark of 9.43%, and distributed PKR 3.50 per unit.
The AKD Aggressive Income Fund (AKDAIF) achieved an 18.06% return, outperforming its benchmark of 11.31%, resulting in a distribution of PKR 8.33 per unit. The AKD Islamic Cash Fund (AKDICF), formerly known as the AKD Islamic Daily Dividend Fund, posted a return of 11.24% against a benchmark of 9.37%, with a distribution of PKR 5.18 per unit.
The newly launched AKD Alpha Income Fund (AKDALIF) reported an annualized return of 13.68% since its inception on April 10, 2026, against a benchmark of 11.31%. No distribution was approved for this fund.
According to information available from the Pakistan Stock Exchange (PSX), Pakistan's equity market exhibited robust growth in FY26, with the KSE-100 Index closing at 180,302 points, reflecting a significant gain of 43.52%.
The macroeconomic landscape in FY26 showed signs of recovery, with real GDP growth rebounding to 3.70% from 3.18% in FY25. The fixed income market experienced a shift towards a more cautious rate outlook, with the State Bank of Pakistan conducting 26 Market Treasury Bill auctions, raising PKR 21.64 trillion, surpassing the target of PKR 19.53 trillion.
The comprehensive performance of AKDIML's funds underscores their resilience and adaptability in the evolving economic climate, as the company navigates the challenges and opportunities presented by the market.