Tri-Star Mutual Fund Limited has announced its unaudited financial results for the nine months ended March 31, 2026, posting a decline in profitability compared to the same period last year, while continuing to strengthen its overall asset base and net asset value.
According to the company’s quarterly report, Tri-Star Mutual Fund recorded a profit after taxation of Rs. 5.83 million during the nine-month period, significantly lower than the Rs. 31.53 million earned in the corresponding period of the previous year. The decline reflects challenging market conditions and lower gains from investment activities amid increased volatility in the equity market.
Despite the reduction in earnings, the fund’s total comprehensive income stood at Rs. 9.56 million, supported by an improvement in the fair value of investments. The fund benefited from a positive movement in unrealized gains, helping offset the impact of weaker operational performance.
Net assets of the fund increased to Rs. 95.90 million as of March 31, 2026, compared with Rs. 86.34 million at the end of June 2025. Similarly, the net asset value (NAV) per certificate rose to Rs. 19.18 from Rs. 17.27, reflecting enhanced value for certificate holders over the reporting period.
The company’s investment portfolio also expanded during the period. Total investments climbed to Rs. 124.99 million from Rs. 112.61 million recorded at the close of the previous financial year. Quoted equity securities remained the primary component of the portfolio, highlighting the fund’s continued focus on equity market investments.
Management noted that the stock market has come under pressure in recent weeks, while emerging geopolitical tensions continue to present downside risks for investors. Nevertheless, the fund maintained a solid financial position and improved shareholder value through portfolio appreciation and prudent asset management.
Looking ahead, Tri-Star Mutual Fund’s performance will largely depend on market sentiment, equity valuations, and broader economic developments. The company is also progressing with plans to convert the fund from a closed-end structure to an open-end scheme, a move that could provide greater flexibility and accessibility for investors in the future.
