⚡ Flash Summary
NBP Mustahkam Fund – II reported its financial results for the quarter ended September 30, 2025. The fund’s size increased by 2% to Rs. 4,651 million and Rs. 8,721 million for NFTMP-XIX and NFTMP-XVA, respectively. The unit price also experienced growth, leading to returns of 9.8% p.a. and 10.1% p.a. as compared to its benchmark return of 13.2% p.a. and 11.0% p.a. The fund maintains its investment strategy in fixed-income instruments to provide potentially higher returns.
📌 Key Takeaways
- 📈 **Fund Size Growth:** NBP Mustahkam Fund – II’s size increased by 2% for both NFTMP-XIX and NFTMP-XVA.
- 💰 **Asset Under Management (AUM):** NFTMP-XIX reached Rs. 4,651 million and NFTMP-XVA reached Rs. 8,721 million.
- 📊 **Unit Price Appreciation:** The unit price increased, reflecting positive market performance.
- ⭐ **Return on Investment (ROI):** NFTMP-XIX showed a return of 9.8% p.a.
- ✔ **Benchmark Comparison:** NFTMP-XIX benchmark return was 13.2% p.a.
- 💹 **Return on Investment (ROI):** NFTMP-XVA showed a return of 10.1% p.a.
- ✔ **Benchmark Comparison:** NFTMP-XVA benchmark return was 11.0% p.a.
- 🎯 **Investment Strategy:** Primarily invests in Fixed Income instruments for specific duration.
- 🏛️ **Government Securities:** The plan strategically invests in government securities aligned with the plan’s maturity.
- 📜 **Total Income (NFTMP-XIX):** NFTMP-XIX earned a total income of Rs. 117 million during the period.
- ➖ **Total Expenses (NFTMP-XIX):** NFTMP-XIX experienced total expenses of Rs. 5 million.
- 📜 **Net Income (NFTMP-XIX):** NFTMP-XIX net income totaled Rs. 112 million.
- 📜 **Total Income (NFTMP-XVA):** NFTMP-XVA earned a total income of Rs. 224 million during the period.
- ➖ **Total Expenses (NFTMP-XVA):** NFTMP-XVA experienced total expenses of Rs. 7 million.
- 📜 **Net Income (NFTMP-XVA):** NFTMP-XVA net income totaled Rs. 217 million.
🎯 Investment Thesis
Given the fund’s growth, consistent performance, and focus on fixed-income, a HOLD recommendation is appropriate. While the returns are below the benchmark, the fund provides a stable investment option. If the fund performance improves and meets or exceeds its benchmark, a BUY recommendation might be warranted. Continue to HOLD the NBP Mustahkam fund to allow the fund managers time to correct any portfolio issues. A potential price target is difficult to quantify without more granular information. Re-evaluate in Q1 2026.
Disclaimer: AI-generated analysis. Not financial advice.