MCB DCF Income Fund

INVESTMENT OBJECTIVE

To deliver superior fixed income returns by investing in an optimal mix of authorized debt instruments while taking into account capital security and liquidity considerations.

WHAT IS MCB-DCFIF?

MCB-DCFIF is an Open-end Income Scheme which aims to provide attractive returns to investors from their investment along with capital growth.

Who should invest?

The objective of MCB-DCFIF is to deliver superior fixed income returns by investing in an optimal mix of authorized debt instruments while taking into account capital security and liquidity consideration.

BENEFITS:

Actively managed by experienced fund managers.
With a risk averse strategy, your capital remains preserved.
We understand you need to build your wealth on your terms! MCB-DCFIF, gives you ease of withdrawing money at any time

Manager’s Comment

During the month the fund generated an annualized return of 7.28% against its benchmark 11.32%. Allocations in cash was increased. WAM of the fund was 494 days at month end.

In order to maintain a strong credit profile, the fund has been prudent in its risk policies and has avoided taking exposure in a number of weak credit corporate debt instruments offering a higher yield.

Quick Facts

Launch Date	1-Mar-07
Fund Type	An Open End Scheme
Currency	PKR
Risk Profile	Medium (Principal at medium risk)
Asset Manager Rating	AM1 (AM One) by PACRA (01-Oct-26 )
Minimum Investment	Growth, Bachat and Unit 365-Growth Units PKR 500 Income and Unit 365-Income Units PKR 100,000
Fund Manager	Saad Ahmed
Pricing Mechanism	Forward
Listing	Pakistan Stock Exchange
Trustee	Central Depository Company of Pakistan Limited
Auditor	M/s. M. Yousuf Adil Saleem & Co. Chartered Accountants
Benchmark	75% Six (6) months KIBOR + 25% Six (6) months average of the highest rates on savings account of three (3) AA rated scheduled bank as selected by MUFAP.

Latest Expense ratio of the Fund is updated in the FMR (Fund Manager’s Report).

5 years performance

Year	Fund (%)	Benchmark (%)
2026	9.11	10.61
2025	16.18	13.79
2024	19.90	24.53
2023	15.46	20.11
2022	9.02	11.41

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.