Investor’s with very low risk appetite and looking for short term return will get benefit.
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.
| Pre- IPO Date | March 01, 2023 |
|---|---|
| IPO Date | March 02, 2023 |
| Fixed Return | 19.5% per annum from the date of IPO. |
| Currency | PKR |
| Asset Manager Rating | AM1 (AM 1) by PACRA |
| Suitable Investment | PKR 100,000/- |
| Scheme Category | An Open-End Fixed Rate/ Return Scheme |
| Maturity Date of the Allocation Plan | June 20, 2023 |
| Pricing Mechanism | Backward Pricing |
| Listing | Listed on Pakistan Stock Exchange as an Open End Scheme |
| Trustee | Central Depository Company of Pakistan Limited |
| Risk Profile | Very Low (Principal at very low risk) |
| Fund Manager | Syed Mohammad Usama Iqbal |
| Auditor | M/s. M. Yousuf Adil Saleem & Co. Chartered Accountants |
| Units Allocation | Investors with cleared funds with the designated bank account of MCB PFRP V by March 02, 2023. Funds received after March 02, 2023 shall not be accepted. |
| Benchmark | Up to Six month average PKRV rates based on the duration of the Portfolio. |
| 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. |
| Early Redemption | Investors who opt to exit before maturity are likely to earn a lower return than Fixed Return due to market movement and impact cost along with higher management fee and charges charged to the Fund. |
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.