Faysal Islamic Savings Growth Fund Records Modest Gains in 2023

Karachi, Faysal Islamic Savings Growth Fund, a prominent player in the open-end mutual funds sector, has reported its financial performance for the year ending 2023. The fund, listed since 2010, declared an offer price of 110.45 with a redemption price of 110.93 as of June 2023. This represents a year-on-year increase of 4.70%, providing investors with a distribution of Rs 4.31 per unit. These numbers suggest a modest yet consistent performance for the fund, reaffirming its position in the market.