Monthly Income Plan
Hajj Saver Account
Dynamic Income Provider
Fund Managers Report
Cut off timings
Monthly Saving Plans
MCB-Arif Habib Monthly Savings Plans are investment Plans that allow the investors to invest small amounts in a portfolio of return generating investments to be able to meet individual needs and maintain desirable life styles at a later stage in life.
The objective of the Schemes is to facilitate an investor to accumulate a lump sum for a final objective (like buying a house, paying for children’s education and their marriages etc.) through regular monthly contributions.
How they work
Investors can choose between a PSM - Saving Plan, PIF – Saving Plan and Balanced Saving Plan. As the names suggest,the PSM and PIF plan invests in MCB-PSM (Formerly:PSM) and PIF, respectively, while the Balanced Savings Plan starts off with an allocation of 60% in MCB-PSM (Formerly:PSM) and 40% in PIF. This allocation will be periodically reversed by the time the plan matures. The investor can choose a 10 or 15 year plan.
The Monthly Saving Plans offer a specially designed insurance covers (mandatory as well as optional) to insure the monthly investment in the plan at a minimal cost. The minimum investment amount to start with is Rs.1,000. In case, the investor does not deposit monthly investment, the account still remains active and he/she can add to his/her investments as and when possible.
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