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Alhamra Wada Fund

INVESTMENT OBJECTIVE

To meet the needs of low risk investors by investing in banks rated AA and above.

FUND PROFILE

The Fund shall seek to provide the investors with a guaranteed monthly rate of return .

Units Allocation : Limited Units shall be available on 29th June, 2022 to the Investors with cleared funds with the designated bank account of the Plan

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Quick Facts

Launch Date 29th June, 2022
Promised Return for IPO Investors 14.5% per annum (return net of all fees and expenses but exclusive of Taxes as applicable)
Currency PKR
Minimum Investment 500 /-
Duration of the Plan Maturity on 31st July, 2022
Asset Manager Rating AM1 (AM 1) by PACRA 6-Oct-2023
Pricing Mechanism Backward Pricing
Listing Pakistan Stock Exchange
Trustee Central Depository Company of Pakistan Limited
Asset Class Universe   Deposits with AA and above rated bank
Fund Manager Syed Mohammad Usama Iqbal
Auditor M/s. M. Yousuf Adil Saleem & Co. Chartered Accountants
Benchmark Three (3) months average deposit rates of three (3)AA rated Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP.

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.