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Pakistan Pension Fund – Money Market

Investment Objective

The investment objective of the fund is to seek steady returns with a moderate risk for investors by investing in a portfolio of equity, short medium term debt and money market instruments.

Fund Profile

The Pakistan Pension Fund (PPF), under the Voluntary Pension System (VPS) was launched on 29th July 2007. The PPF made its first investment on 29th July 2007 after the necessary legal documentation and operational approvals were received.

PPF is a flexible savings and investment plan under VPS which facilitates all individuals who are Pakistani nationals, to save for their retirement in a systematic way, topping up their savings with investment returns at their desired investment exposure and granting them special tax benefits, with numerous valuable options before, at and after retirement. The scheme can be used as a replacement for any existing Provident, Pension or Gratuity funds, or can be entered into alongside these funds. Systematic transition of the existing Provident/Gratuity/Pension schemes to the VPS is also possible in a manner that allows maximum tax credit to the concerned.

VPS carries clear advantages over existing saving funds. Most obvious ones are tax savings, individualized asset allocation, minimal administration and avoiding complications associated with Defined Benefit Schemes.

The investor has a choice between various allocation schemes that PPF offers, each of which is invested in different proportions in the three sub-funds: Equity, Debt and Money Market.

PPF is a long only scheme and is not allowed to undertake leveraged investments.

Quick Facts

Launch Date 29-Jul-07
Fund Type An Open End Scheme
Currency PKR
Minimum Investment 500 /-
Asset Manager Rating AM1 (AM 1) by PACRA
Fund Manager Syed Abid Ali
Pricing Mechanism Forward
Trustee Central Depository Company of Pakistan Limited
Auditor Yousuf Adil Chartered Accountants

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

5 years performance

Year Fund (%) Benchmark (%)
2023 17.59
2022 9.78
2021 5.55
2020 12.06
2019 7.89

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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.