MCB Pakistan Sovereign Fund
The objective of the fund is to deliver income primarily from investment in government securities.
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.
|Launch Date||01st March 2003|
|Fund Type||An Open End Scheme|
|Minimum Investment||500. /-|
|Fund Manager||Saad Ahmed|
|Asset Manager Rating||AM2++ (AM Two Double Plus) by PACRA (08-Jun-16)|
|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 (%)|