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 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.
|Launch Date||11th March 2002|
|Fund Type||An Open End Scheme|
|Minimum Investment||500 /-|
|Fund Manager||Syed Mohammad Usama Iqbal|
|Asset Manager Rating||AM2++ (AM Two Doube Plus ) by PACRA (08-Jun-16)|
|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 (%)|