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PACRA Maintains Stability Rating of MCB DCF Income Fund

Lahore, March 11, 2023 (PPI-OT): MCB DCF Income Fund (the “Fund”) is a medium-risk profile fund. At end Dec’22, largely the portfolio was invested in Government Sukuk/Securities of 77.6%, 18.4% in TFCs/Sukuks, 2.4% in Cash at Banks, while remaining was invested in others. The Fund had weighted average maturity of 1.8 years mainly due to investments in PIBs and T-bills. The Duration of the Fund stood at 55 days, depicting low interest rate risks. Investor concentration stood at 25.3% showing low redemption pressure.

Going forward, following the investment policy and market circumstances, the Fund may increase exposure in banks, spread transactions and short-term government papers. Material changes in the Fund’s asset allocation strategy, impacting its credit quality and/or exposure to interest rate risk, would affect the rating.

For more information, contact:
Analyst,
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore, Pakistan
Tel: +92-42-5869504-6
Fax: +92-42-5830425
Email: hammad.rashid@pacra.com
Website: www.pacra.com

The post PACRA Maintains Stability Rating of MCB DCF Income Fund appeared first on Business News Pakistan.

The post PACRA Maintains Stability Rating of MCB DCF Income Fund appeared first on AsiaNet-Pakistan.