TSMF Tri-Star Mutual Fund Limited

All-Share

Rs 15.50

▼ −0.24 (−1.52%)

Vol 4K · Close · 23 Sep 2026 ● live

Market cap Market cap What the whole company costs at today's price. How it's worked out Share price multiplied by every share in issue. How to read it It is the company's size, not its value. A big number is not expensive and a small one is not cheap — that is what the multiples below are for.: Rs 77.5M; as of 23 Sep 2026
P/E (TTM) P/E ratio Rupees you pay for each rupee the company earned last year. How it's worked out Share price divided by earnings per share over the last twelve reported months. How to read it Lower looks cheaper, but only against something — the same company's history, its sector, or the market. A P/E on its own means very little, and it is blank when a company lost money.: —
Dividend yield Dividend yield Cash paid out over the last year as a percentage of today's price. How it's worked out Dividends per share over twelve months divided by the share price. How to read it A very high yield is often a warning, not a gift: it usually means the price fell. Check the payout ratio next to see whether earnings actually cover it.: —; as filed by PSX
Avg volume (30d) Average volume Shares changing hands on a typical day. How it's worked out The mean daily volume over thirty sessions. How to read it Shares, not rupees — a million shares of a Rs 3 stock is a small market. "Traded per session" is the version in money.: 21.5K

52-week range 32% of range

11.50 15.50 24.00

1W: +0.85%
1M: −6.23%
3M: −11.73%
6M: +17.16%
YTD: +9.23%
1Y: +19.23%

Free float Free float The shares that can actually be bought and sold. How it's worked out Total shares minus the blocks held by sponsors, the government and other locked-in holders, as the exchange reports them. How to read it The float, not the market cap, is what sets how easily a real position can be built or unwound.: 3M; 60% of shares
Shares outstanding Free float The shares that can actually be bought and sold. How it's worked out Total shares minus the blocks held by sponsors, the government and other locked-in holders, as the exchange reports them. How to read it The float, not the market cap, is what sets how easily a real position can be built or unwound.: 5M
Day range: 15.30 – 16.00; prev close 15.74
Shariah: Not compliant

What's good about TSMF, and what isn't

Read off the numbers below · 23 Sep 2026

Every line states the bar it was judged against, so you can disagree with the bar rather than argue with a verdict. Nothing here is scored or ranked, and where a number is missing the sentence is simply not written.

In its favour

It beat the KSE-100 by 16 points over the last year.

Ten points or more ahead of the index over a year

Against it

A Rs 1,000,000 order would take about 6 normal sessions to trade.

More than two sessions to trade Rs 1m
Your own Rs 1,000,000 order moves the price about 517 basis points.

Price impact of 100 bps or more per Rs 1m
On the worst day in twenty it falls 9.2% or more.

95th-percentile daily loss of 6% or more

Worth knowing

It sits 35% below its 52-week high, 79 sessions ago.

30% or more below the 52-week high

Not advice, and not a score. These are descriptions of numbers Equivest holds, nothing more.

TSMF · 1-year close +18.50% · 249 sessions

22 Sep H 22.84 · 29 May L 11.99 · 25 Feb 23 Sep

Open TSMF in the plotter → Compare with the KSE-100

Trend read

Trending Down

Since 23 Sep 2026 · daily closes to 23 Sep 2026

•Below the 50-day average
•Down 11.7% over 3 months
•Fell 44.3% from its 1-year peak at worst

Deep drawdown

A description of the price series — moving averages, momentum, the 52-week position — held for three closes before it changes. It is a label, not advice. How it works →

RSI (14) RSI (14) Whether recent buying or selling has run hot. How it's worked out Fourteen sessions of gains weighed against losses, on a 0–100 scale. How to read it Above 70 is called overbought and below 30 oversold, but strong stocks stay above 70 for months. It describes momentum, it does not forecast a turn.: 44; neutral band
vs 50-day avg: −6.1%; SMA Rs 16.50
vs 200-day avg: −3.2%; SMA Rs 16.02
Beta vs KSE-100 Beta How hard it swings when the market swings. How it's worked out The slope of this stock's daily returns against the KSE-100's, over a year of sessions. How to read it 1.0 moves with the market, 1.5 exaggerates it by half, below 1 is steadier. It says nothing about direction, only about size.: 0.59; correlation 0.21 · 1Y
Volatility Volatility, 30-day How jumpy it has been lately, stated per year. How it's worked out The standard deviation of the last 30 days of returns, annualised. How to read it 30% means a typical year's swing of about thirty percent either way. Rising volatility often arrives before news does.: 56%; 30d · 80% 90d, annualised
Max drawdown · 1Y Biggest drawdown The worst peak-to-trough fall of the last year. How it's worked out The largest drop from any high to any subsequent low over 250 sessions. How to read it The number that tells you whether you could have held it. Most people discover their real risk tolerance somewhere inside this figure.: −44.3%
Volume vs 20-day avg Volume vs normal How busy today was against a typical day. How it's worked out The latest session's volume divided by the twenty-day average. How to read it Above 2 means something happened — an announcement, a block, a rumour. Check the news before reading anything into the price.: 0.29×; avg 13.9K
52-week signal Position in 52-week range Where today's price sits between the year's low and high. How it's worked out Zero at the 52-week low, 100 at the high. How to read it Near 100 is strength or froth; near 0 is a bargain or a falling knife. The number tells you where you are, never which of the two.: Inside range
Stats as of: 23 Sep 2026

What TSMF costs to hold and what it returned

From TSMF's own price history · 23 Sep 2026

TSMF is a closed-end fund, not a company. It has no earnings, no margin and no payout ratio, so the valuation measures on a company page do not apply to it and are left out rather than shown empty. What does apply is how cheaply you can get in and out, and what holding it paid.

Can you actually trade it

Median traded per session Traded per session The rupees that change hands on a typical day. How it's worked out The median of price times volume over the last 60 sessions — the median, so one block trade cannot make a dead stock look busy. How to read it This is the number that decides whether the quoted price is a price you can actually get.: Rs 167K
Sessions to trade Rs 1M Sessions to trade Rs 1M How long it would take to buy or sell a Rs 1,000,000 position. How it's worked out Rs 1,000,000 divided by the median rupees traded a session. How to read it Under 0.01 and your order is a rounding error. Above 1 and you are the day's volume — expect to move the price against yourself getting out.: 5.99
Price impact per Rs 1M traded Price impact per Rs 1M How far your own order moves the price. How it's worked out The median of the day's absolute price move divided by the day's turnover, scaled to a Rs 1,000,000 ticket. Traders call it the Amihud ratio. How to read it Under 1 basis point and the market swallows your order whole. Three figures and your buying is the reason the price went up — which you will discover again on the way out.: 517 bps
Sessions with a trade, one year Sessions with a trade How often it trades at all. How it's worked out The share of the last 250 sessions with any volume. How to read it Anything below 100% means there were days with no market. Below 90% and you should assume you cannot choose your exit day.: 100%
Untraded sessions, last 60 Untraded sessions Days in the last 60 when literally nothing traded. How it's worked out A count of sessions with zero volume. How to read it Any number above zero means there are days you could not have sold at any price. On PSX this is common well outside the KSE-100.: 0

Liquidity is very thin. A fund that barely trades can sit a long way from what its holdings are worth, and this is the number that tells you whether you could get out at the quoted price.

What the risk paid

Total return, one year Total return, one year What a holder actually made, dividends included. How it's worked out The price move over twelve months plus every cash dividend paid in that window, counted as received on its ex-date. How to read it Every other PSX site quotes the price move alone. On a market yielding what this one does, that understates what holders made by a third or more.: +19.2%
— from distributions — from dividends The part of the year's return that arrived as cash. How it's worked out Dividends per share over the year divided by the price twelve months ago. How to read it The half of the return a price chart cannot show you. For many PSX names it is most of it.: —
vs KSE-100, one year vs KSE-100, one year How far ahead of or behind the market it finished. How it's worked out Its one-year return minus the KSE-100's, in percentage points. How to read it "Up 12%" means one thing when the index rose 20% and another when it fell. Unlike alpha, this ignores how much market risk was carried to get there.: +16.4 pts
Caught of the market's up moves Caught of the market's up moves How much of the market's good days this stock catches. How it's worked out The stock's total return across the index's up days, divided by the index's own. How to read it Above 100 means it rises more than the market does. Read it with down capture — the pair is the whole picture, either half alone flatters.: 90%
Caught of its down moves Caught of its down moves How much of the market's bad days this stock catches. How it's worked out The stock's total return across the index's down days, divided by the index's own. How to read it Below 100 means it falls less than the market. Above 100 on the downside is the warning a headline return usually hides.: 66%
Worst day in twenty Worst day in twenty The fall you should expect to see on a bad day. How it's worked out The fifth-percentile daily return over the last year — the actual distribution, not a bell curve. How to read it One session in twenty is at least this bad. It is a normal day at the office, not a crash, and the crash is worse than this by definition.: −9.2%
Below its 52-week high Below its 52-week high How far under its best price of the year it sits now. How it's worked out The 52-week high minus today's price, as a percentage of that high. How to read it Different from the biggest drawdown, which is the worst it ever got. This is the hole still to climb out of.: 35.4%

Equivest does not hold this fund's net asset value, so the premium or discount its market price carries to what it owns is not shown. Its manager publishes that.

Tri-Star Mutual Fund filings and reports

33 documents Tri-Star Mutual Fund has published — annual reports, quarterly accounts and briefing decks. PSX filings are marked PSX; the rest come from the company’s own investor relations page. Links open the original PDF at the source.

Annual reports · 7

Quarterly accounts · 26

and 18 more

About Tri-Star Mutual Fund Limited

Tri-Star Mutual Fund Limited was incorporated as public limited company on March 12, 1992 under Investment Companies and Investment Advisers Rules,1971. The Investment Companies & Investments Advisor’s Rules, 1971 have been repealed by the Non Banking Finance Companies (Establishment and Regulations) Rules, 2003 (NBFC Rules) and Companies Ordinace 1984 (Now the Companies Act, 2017). The Fund has entered into an agreement with an associated company Tri-Star Investments Limited to act as its “Investment Adviser”

Key people

Asad Ahmad · CEO
Mariam Ahmad · Chairperson

Sector: Close - End Mutual Fund
Website: —
Head office: A/33, Central Commercial Area, Block 7/8 Main Shahrah-e-Faisal, Karachi
Auditor: Feroze Sharif Tariq & Co. Chartered Accountants
Share registrar: Hameed Majeed Associates (Pvt.) Ltd, 4th Floor, Karachi Chambers, Hasrat Mohani Road, Karachi
Fiscal year end: June

Financials

Annual figures from PSX filings. Money in PKR (converted from thousands); EPS in rupees per share.

FY (June)	2025	2024	2023	2022
Total Income	Rs 25.1M	Rs 27M	−Rs 14.9M	−Rs 7.8M
Profit after Taxation	Rs 21.6M	Rs 24.2M	−Rs 16.9M	−Rs 10.2M
EPS	Rs 3.90	Rs 6.07	Rs -3.26	Rs -2.65
EPS Growth	−35.8%	+286.2%	−23.0%	−155.1%

Dividends & corporate actions

PSX quotes payouts as a % of the Rs 10 face value — 25% = Rs 2.50 per share. Unconfirmed ex-dates are marked “expected”.

TSMF dividends and corporate actions
Type	% of face	Per share	Ex-date	Book closure	Buy by
No dividends or corporate actions on record for TSMF.

Analyst consensus

No analyst coverage on record for TSMF.

Quick answers

What is TSMF's dividend yield?

Equivest's PSX data does not show a trailing dividend yield for Tri-Star Mutual Fund Limited (TSMF) as of 23 Sep 2026. Check the dividend history table on this page for declared payouts.

What is TSMF's P/E ratio?

A trailing P/E is not available for TSMF as of 23 Sep 2026 — typically because trailing earnings are negative or not yet reported. See the financials table for reported EPS.

Is TSMF Shariah compliant?

No. Tri-Star Mutual Fund Limited (TSMF) is not flagged Shariah-compliant in PSX data as of 23 Sep 2026, and it is not part of the KMI-30 or KMI All-Share Islamic indices.

Is TSMF trending up or down?

Equivest's trend read for TSMF is Trending Down since 23 Sep 2026: see the reasons on this page. Below the 50-day average; Down 11.7% over 3 months; Fell 44.3% from its 1-year peak at worst. The read describes the closes through 23 Sep 2026; it is not a recommendation.

Is TSMF cheap?

Whether that makes it cheap depends on why the market prices it that way, which no ratio answers. A Rs 1,000,000 order is about 599% of a normal session, judged on the median value traded over the last 60 sessions.

What is the total return on TSMF including dividends?

TSMF returned +19.2% over the last year counting the cash dividends paid. Dividends are counted as received on their ex-date, not reinvested. Figures to 23 Sep 2026.

How liquid is TSMF?

On Equivest's reading of the last 60 sessions, a Rs 1,000,000 order moves the price about 517 basis points on a median session, the implied bid-ask spread works out at about 2.61% of price, the stock traded on 100% of the last year's sessions. Those are estimates from daily closes and volumes, not from the order book, and they describe normal sessions rather than the day you need to sell.

What is TSMF's beta?

TSMF's one-year beta against the KSE-100 is 0.59 (correlation 0.21), measured on daily closes to 23 Sep 2026. Its annualised volatility is 56% over 30 days and 80% over 90; the worst peak-to-trough fall in the last year was −44.3%.

Related: Close - End Mutual Fund

Largest companies in the same PSX sector.

TSMF sector peers
Symbol	Company	Price	Chg %	Mkt cap	P/E
HGFA	HBL Growth Fund	13.84	+1.24%	Rs 3.9B	8.6×
HIFA	HBL Investment Fund	4.89	−0.20%	Rs 1.4B	—

Data from PSX via Equivest, delayed and provided for information only — not investment advice. Figures may contain errors; verify with your broker before acting. As of 23 Sep 2026, 15:45 PKT.

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