INVESTMENT OBJECTIVE
The Investment Objective of the Money Market Sub-Fund is to earn returns from investments in Money Markets of Pakistan, thus incurring a relatively lower risk than debt sub fund.
MCB Alhamra Kpk Govt Employees Pension Fund Money Market Sub Fund
INVESTMENT OBJECTIVE
Managerās Comment
Money Market subāfund generated an annualized return of 11.82% during the month.
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Quick Facts
| Fund Manager | Syed Abid Ali |
|---|---|
| Currency | PKR |
| Asset Manager Rating | AM1 (AM One) by PACRA (04-Oct-24) |
| Pricing Mechanism | Forward Pricing |
| Scheme Category | Shariah Compliant (Islamic) Voluntary Pension Scheme |
| Launch Date | 13-Dec-23 |
| Trustee | Central Depository Company of Pakistan Limited |
| Auditor | BDO Ebrahim & Co. Chartered Accountants |
| Min. Subscription | PKR 500 |
| Zakat & 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. |
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.