Investment Objective
The Objective of MCB Government Securities Plan 1 (MCB GSP1) is to seek maximum possible rate of return by investing primarily in Government Securities.
MCB Government Securities Plan I
Manager’s Comment
The fund generated an annualized return of 13.30% against benchmark return of 13.19%. WAM of the fund was 1 year at month end.
Quick Facts
| Fund Type | An Open End Income Scheme |
|---|---|
| Risk Profile | Medium (Principal at Medium Risk) |
| Currency | PKR |
| Asset Manager Rating | AM1 (AM One) by PACRA (04-Oct-24) |
| Fund Manager | Saad Ahmed |
| Launch Date | 06th November, 2024 |
| Pricing Mechanism | Forward Pricing |
| Scheme Category | An Open-End Income Scheme |
| Min. Subscription | PKR 1,000 |
| Trustee | Central Depository Company of Pakistan Limited |
| Listing | In Process |
| Auditor | M/s. M. Yousuf Adil Saleem & Co., Chartered Accountants |
| Benchmark | Six Months PKRV rates |
| 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.