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Pakistan Income Fund

Investment Objective

The objective of the fund is to deliver returns primarily from debt and fixed income investments without taking excessive risk.

Fund Profile

Pakistan Income Fund (PIF) is an open end fund, which invests in corporate securities, Government securities; money market placements, TDRs and short maturity reverse repurchase transactions. PIF is a long only fund and cannot undertake leveraged investments.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.

Overseas Investors

Quick Facts

Launch Date 11th March 2002
Fund Type An Open End Scheme
Currency PKR
Minimum Investment 500 /-
Fund Manager Syed Mohammad Usama Iqbal
Asset Manager Rating AM2++ (AM Two Doube Plus ) by PACRA (08-Jun-16)
Pricing Mechanism Forward
Listing Pakistan Stock Exchange
Trustee Central Depository Company of Pakistan Limited
Auditor A.F.Ferguson & Co., Chartered Accountants
Benchmark 75% KIBOR (6Month) + 25% PKRV (3Month)

5 years performance

Year Fund (%) Benchmark (%)
2017 4.66 6.00
2016 6.14 6.97
2015 11.31 10.43
2014 8.13 9.33
2013 7.20 11.00