INVESTMENT OBJECTIVE
The Management Company is hereby launching âMCB Pakistan Fixed Return Plan XVIII (MCB PFRP XVIII) â, which will provide promised fixed return to the Unit Holders at maturity by investing in Fixed Income Securities.
MCB Pakistan Fixed Return Plan XVIII
INVESTMENT OBJECTIVE
FUND PROFILE
Investors will be intimated at the time of investment a Fixed rate of return which will be delivered at the time of maturity of the Plan.
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Quick Facts
| IPO Date | 26th Dec 2023 |
|---|---|
| Scheme Category | An Open-End Asset Allocation Scheme |
| Currency | PKR |
| Promised Return | Fixed Return 19.75% per annum |
| Maturity Date of the Allocation Plan | 12th Dec, 2024 |
| Asset Manager Rating | AM1 (AM 1) by PACRA |
| Suitable Investment | Rs.1,000,000/- and above |
| Pricing Mechanism | Backward pricing |
| Trustee | Central Depository Company of Pakistan Limited |
| Zakat and Taxation | Zakat Deduction as per Zakat & Ushr Ordinance, 1980. Capital Gain Tax and withholding tax on cash dividends as per prevailing Income Tax Ordinance, 2001. |
| Risk Profile | Very Low (Principal at Very Low Risk) |
| Auditor | Yousuf Adil & Co., Chartered Accountants |
| Benchmark | Up to twenty-five (25) months average PKRV rates based on the duration of the Portfolio |
Authorized investment avenues of Fixed Return Plan XVIII include the following:
| Authorized Investments | Rating | Minimum Asset AllocationÂ
(%age of total Net Assets) |
Maximum Asset Allocation
(%age of total Net Assets)Â |
| Government Securities | N/A | 0% | 100% |
| Term Deposit Receipts not exceeding 20 months.Â
However, actual term of placement shall be comparable to the period of the Plan |
AA or above | 0% | 100% |
| Cash in Bank | AA or above | 0% | 100% |
Weighted average time to maturity of the 90% net assets shall not exceed 4 years or the term of the Plan whichever is earlier and this condition shall not apply to securities issued by Federal Government. Further, maturity of the securities issued by Federal Government shall be in line with the maturity of the Plan.
Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not necessarily indicative of the future results. Please read the Offering Document to understand the investment policies and the risks involved. Performance data does not include the cost incurred directly by an investor in the form of sales loads etc. The information in this literature is issued for indicative and informational purposes only and investors are advised to make their own appraisal of the investment opportunity, tax implications and consult their own financial, legal, taxation and/or other professional advisors prior to making any investment in mutual fund. The mutual fund may hold certain non-compliant investments. Before making any investment decision, investors should review the latest monthly Fund Manager Report and the Financial Statements of the mutual fund particularly the details of non-compliant investments, provision against SWWF liability and Risk Factors.