To provide promised fixed return to the Unit Holders at maturity by investing in short term Fixed Income Securities.
Investors will be intimated at the time of investment a promised rate of return which will be delivered at the time of maturity of the Plan.
| Launch Date | Sep 27, 2022 |
|---|---|
| Fund Type | An Open-End Fixed Rate/ Return Scheme |
| Fixed Return | 15.10% per annum |
| Currency | PKR |
| Asset Manager Rating | AM1 (AM 1) by PACRA |
| Minimum Investment | 500 /- |
| Maturity Date | 15 Decemeber 2022 |
| Risk Profile | Very Low Risk (Principal at very low risk) |
| Pricing Mechanism | Backward Pricing |
| Listing | Pakistan Stock Exchange |
| Trustee | Central Depository Company of Pakistan Limited |
| Fund Manager | Syed Mohammad Usama Iqbal |
| Auditor | M/s. M. Yousuf Adil Saleem & Co. Chartered Accountants |
| Benchmark | Upto 3 Month Average PKRV Rates based on the duration of portfolio. |
| Management Fee | Upto 15% of the gross earnings of the Scheme. |
| 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.