MCB Pakistan and Alhamra Funds NAV Values as of March 21, 2022

Strategic Insights -

Pakistan's Karachi-based MCB-Arif Habib Savings and Investments Limited, a leading financial services firm, has provided an update on the net asset values (NAV) of its various mutual funds as of March 21, 2022. The NAV values, alongside the offer and redemption prices, are essential for investors to make informed decisions about their investments.

The data reveals the NAV, offer price, and redemption price for each fund as follows: MCB Pakistan Stock Market Fund, Pakistan Income Fund, MCB Pakistan Sovereign Fund, MCB Pakistan Asset Allocation Fund, and more. Additionally, Alhamra Islamic Funds, which offer Shariah-compliant investment options, have also provided their NAVs.

The NAVs for MCB Pakistan's income schemes range from 56.97 to 113.7601, while Alhamra's Islamic funds have NAVs varying from 99.51 to 100, depending on the specific fund.

Among the funds listed, the Pakistan Pension Fund - Equity stood at 542.73, with a significant drop in the Pakistan Pension Fund - Debt and Pakistan Pension Fund - Money Market.

The update provides valuable information for investors seeking to make aware and timely decisions about their investments in Pakistan's financial markets.

Key Takeaways:

  • The NAV values for MCB Pakistan's funds on March 21, 2022, ranged from 50.4678 (Pakistan Cash Management Fund) to 542.73 (Pakistan Pension Fund - Equity).
  • Alhamra Islamic Funds' Shariah-compliant NAVs varied from 99.51 (Alhamra Islamic Money Market Fund) to 100 (Alhamra Daily Dividend Fund).
  • The Pakistan Pension Fund - Equity experienced a significant NAV at 542.73 on March 21, 2022, compared to its debt-centric counterparts.
  • The detailed NAV data for MCB Pakistan's income scheme funds ranged from 56.97 (MCB Pakistan Sovereign Fund) to 113.7601 (MCB DCF Income Fund).
  • Alhamra Islamic Asset Allocation Fund's NAV on March 21, 2022, stood at 69.6087.

Statistics:

  • The highest NAV on March 21, 2022, belonged to the Pakistan Pension Fund - Equity at 542.73.
  • Pakistan's Islamic Pension Fund - Debt had the second-lowest NAV at 254.41, with the Pakistan Pension Fund - Money Market coming in third at 296.32.
  • The NAV values for Alhamra's Shariah-compliant funds (Alhamra Islamic Money Market Fund, Alhamra Daily Dividend Fund) fell within the 99.51-100 range.
  • The MCB Pakistan Stock Market Fund had an NAV of 94.71 on March 21, 2022.
  • Pakistan's income funds (Pakistan Income Fund, MCB Pakistan Sovereign Fund) had the lowest NAVs in the 56.97-57.6807 range.

Sources:

  • PPI-OT (Pakistan Press International - Online) - Date not specified, but reported on March 22, 2022
  • MCB-Arif Habib Savings and Investments Limited press release
  • http://www.arifhabib.com.pk