AKD-FUNDS has transmitted its annual financial statements for the AKD Islamic Cash Fund for the year ended June 30, 2026, highlighting a significant increase in net assets and strong performance against its benchmark.
- The fund's total net assets rose to PKR 815.56M, up 199.93% from PKR 271.91M in the previous year.
- The net asset value (NAV) per unit increased to PKR 50.32, compared to PKR 50.00 last year.
- The fund achieved a return of 11.24%, outperforming its benchmark return of 9.37%.
- The fund's asset allocation as of June 30, 2026: Cash and Cash Equivalents (40.44%), Short Term Sukuk (7.86%), and Placements with Banks and DFIs (48.30%).
- The fund's performance reflects a robust investment strategy focused on Shariah-compliant securities.
- The report indicates no significant changes in the state of affairs during the period.