Introduction:

The first two weeks of the new financial year 2023-24 have shown promising performance in Pakistan’s stock market. In this blog post, we will delve into the top-performing equity funds and analyze their performance during this period.

Why Investing in Mutual Funds is Beneficial for Pakistanis

Table of Best Performing Stock Mutual Funds:

Below is a table showcasing the best performing equity (absolute return) mutual funds in Pakistan during the first two weeks of the new financial year:

Fund Name	Rating	Validity Date	NAV	YTD	MTD	1 Day	15 Days	30 Days	90 Days	180 Days	270 Days	365 Days
UBL Financial Sector Fund		Jul 13, 2023	82.4479	14.45	14.45	(0.94)	14.61	17.55	15.65	23.36	16.59	13.67
NBP Financial Sector Fund		Jul 13, 2023	8.8222	13.25	13.25	(0.74)	13.60	14.97	13.27	15.80	10.47	5.25
HBL Energy Fund		Jul 13, 2023	10.9494	11.42	11.42	(0.54)	11.42	12.34	9.34	9.43	12.57	9.87
AL Habib Stock Fund		Jul 12, 2023	84.6513	10.38	10.38	0.61	10.40	8.61	11.66	14.85	6.56	5.93
UBL Stock Advantage Fund		Jul 13, 2023	76.0600	9.83	9.83	(1.02)	10.30	10.30	12.68	16.34	10.49	8.29
MCB Pakistan Stock Market Fund		Jul 13, 2023	92.5896	9.88	9.88	(1.29)	10.24	10.62	13.76	19.39	5.53	6.83
ABL Stock Fund		Jul 13, 2023	13.9493	10.25	10.25	(1.04)	10.23	10.06	11.47	15.75	6.55	6.48
Golden Arrow Stock Fund (Formerly: Golden Arrow Selected Stocks Fund)		Jul 13, 2023	13.2591	10.21	10.21	(0.73)	10.19	8.45	8.86	2.40	(3.94)	(1.90)
Atlas Stock Market Fund		Jul 13, 2023	630.8529	10.16	10.16	(0.94)	10.13	10.18	11.80	13.76	6.91	5.37

Source: Mutual Funds Association of Pakistan

Conclusion:

The performance of stock mutual funds during the first two weeks of the new financial year in Pakistan has shown promising returns. Investors should carefully analyze the performance, risk factors, and historical data of these funds before making investment decisions. It is advisable to consult with a financial advisor for personalized guidance based on individual investment goals and risk appetite.

Remember, past performance is not indicative of future results, and thorough research is crucial for successful investing.