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MCB Pakistan Sovereign Fund

Investment Objective

The objective of the fund is to deliver income primarily from investment in government securities.

Fund Profile

MCB Pakistan Sovereign Fund (MCB-PSF ) is an open end fund, which invests in bonds and debt securities issued by the Government of Pakistan as well as Reverse Repurchase transactions (Reverse-REPOs) against government securities. Under the Regulation number 58(1)(k) of NBFC and NE regulations 2008, it is only allowed to borrow up to 15% of net assets for up to 90 days to meet redemption needs.

Quick Facts

Launch Date 01st March 2003
Fund Type An Open End Scheme
Currency PKR
Minimum Investment 500. /-
Fund Manager Saad Ahmed
Asset Manager Rating AM2++ (AM Two Double Plus) by PACRA (08-Jun-16)
Pricing Mechanism Forward
Listing Pakistan Stock Exchange
Trustee Central Depository Company of Pakistan Limited
Auditor Ernst & Young Ford Rhodes Sidat Hyder & Co., Chartered Accountants
Benchmark 6 month PKRV rates

5 years performance

Year Fund (%) Benchmark (%)
2016 7.30 6.93
2015 16.58 10.41
2014 9.26 9.11
2013 12.30 11.00
2012 11.30 13.30