INVESTMENT OBJECTIVE
The Objective of MCB Investment Savings Plan 1 (MCB ISP1) is to deliver return from aggressive investment strategy in debt and fixed income market.
MCB Investment Savings Plan 1
INVESTMENT OBJECTIVE
Manager’s Comment
The fund generated an annualized return of 12.16% against benchmark return of 12.06%. WAM of the fund was 2.8 year at month end.
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Quick Facts
| Fund Type | An Open End Scheme |
|---|---|
| Min. Subscription | PKR 1000 |
| Risk Profile | Medium (Principal at Medium Risk) |
| Currency | PKR |
| Asset Manager Rating | AM1 (AM One) by PACRA (04-Oct-24) |
| Pricing Mechanism | Forward Pricing |
| Scheme Category | Aggressive Fixed Income Scheme |
| Listing | In Process |
| Trustee | Central Depository Company of Pakistan Limited |
| Auditor | M/s. M. Yousuf Adil Saleem & Co., Chartered Accountants |
| Benchmark | One (1) Year KIBOR 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. |
| Launch Date | 6th August, 2024 |
| Fund Manager | Saad Ahmed |
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.