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Pakistan Income Fund


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


Pakistan Income Fund (PIF) is an open-end fund which aims to provide income from your investment along with capital growth.

Who should invest in MCB PIF?

If you are looking for a low-risk way which creates passive (monthly) income for your short-term financial goals, look no further! MCB-PIF is a perfect option for you. As MCB-PIF is less volatile compared to stock/equity schemes, therefore, they are best suited for investors who wish to avoid stock market instability.


  • Actively managed by experienced fund managers.
  • Enjoy monthly income along with immediate returns on your investment.
  • You don’t need to start big, you can invest small rise later. Invest for as low as Rs 500.
  • We understand you need to build your wealth on your terms! MBC PIF, gives you ease of withdrawing money at any time.
  • Snag a larger tax refund with tax credit benefit.

Use our tax saving calculator to find out how much you can save!

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)

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

5 years performance

Year Fund (%) Benchmark (%)
2019 8.13 10.75
2018 4.77 5.90
2017 6.90 6.05
2016 6.14 6.97
2015 11.31 10.43