⚡ Flash Summary
NBP Government Securities Liquid Fund (NGSLF) reported its financial results for the quarter ended September 30, 2025. The fund’s size decreased by 38% from Rs. 12,169 million to Rs. 7,549 million. The unit price increased from Rs. 10.3093 to Rs. 10.5585, showing a return of 9.6% p.a., compared to the benchmark return of 10.7% p.a. Total income for the year was Rs. 336.76 million, and after deducting expenses of Rs. 44.03 million, the net income amounted to Rs. 292.73 million.
📌 Key Takeaways
- 📉 Fund size decreased by 38%, from Rs. 12,169 million to Rs. 7,549 million.
- 📈 Unit price increased from Rs. 10.3093 to Rs. 10.5585.
- 📊 Return of 9.6% p.a. achieved, compared to benchmark return of 10.7% p.a.
- 💰 Total income for the year reached Rs. 336.76 million.
- 💸 Net income after expenses stood at Rs. 292.73 million.
- ✅ Fund’s stability rating is ‘AAA (f)’ awarded by PACRA, reflecting strong credit and liquidity.
- 🏛️ Fund invests primarily in Government securities (T-Bills), with a minimum of 70% investment.
- ⚠️ Headline inflation rose to 5.6% in September from 3.0% in August.
- 🎯 Average inflation for Q1 eased to 4.2%, down from 9.2% last year.
- 🌍 Real GDP growth for FY26 is projected between 3.0% and 3.5%.
- 💹 Current account deficit for July-August was USD 624 million.
- 🏦 Foreign exchange reserves stood at USD 14.4 billion on September 26th.
- ⚖️ Fiscal performance improved, with a primary surplus expected in Q1 FY26.
- auctions raised Rs. 3.55 trillion against maturity of Rs. 3.95 trillion and target of Rs. 2.98 trillion
🎯 Investment Thesis
The fund’s focus on government securities offers stability but limits potential for high returns. Given the current economic climate and the fund’s solid risk profile, a HOLD recommendation is appropriate. The fund is a suitable option for investors seeking low-risk, steady returns and high liquidity. Any price target requires economic projections
Disclaimer: AI-generated analysis. Not financial advice.