Press Release
VIS Assigns Initial Fund Stability Rating to Alfalah Savings Growth Fund
Karachi, December 18, 2025: VIS Credit Rating Company Limited (VIS) has assigned the initial Fund Stability Rating (FSR) of ‘A+ (f)’ (Single A plus (f)) to Alfalah Savings Growth Fund (‘ASGF’ or ‘the Fund’). The medium to long-term rating of ‘A+ (f)’ denotes moderate degree of stability in Net Asset Value; Risk factors may vary with possible changes in the economy.
ASGF was launched in May 12, 2007. The primary objective of the Fund is to generate competitive returns by investing primarily in debt and fixed income instruments having investment grade credit rating.
The assigned rating reflects the Fund’s asset allocation strategy, which has generally remained aligned with the parameters outlined in the offering document for most of the year, though shortfalls against the stated thresholds were observed in certain months. Investments were primarily held in cash balances, followed by allocations to Short-Term Sukuk. The rating also incorporates the Fund’s credit quality, with exposures skewed toward AA– and A rated avenues, even though the offering document permits investments across a broader range of investment-grade instruments. The Fund’s liquidity profile is considered adequate. The AUM mix is dominated by retail investors, with client concentration on the higher side. In terms of performance, the Fund is positioned in the first quartile.
For further information on this ratings announcement, please contact at 021-35311861-64 or email at info@vis.com.pk.
Applicable Rating Criteria: Fund Stability Ratings
https://docs.vis.com.pk/Methodologies-2025/FSR-Methodology-Jan-2025.pdf
VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf