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Alhamra Islamic Money Market Fund [Formerly: MCB Pakistan Frequent Payout Fund]

Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund) is a Shariah Compliant Money Market Scheme which aims to provide investors with reasonable rate of return.

Investment Objective

The Objective of the Fund is to provide a reasonable rate of return with a maximum possible capital preservation by investing primarily in liquid Shariah Compliant money market securities.

FUND PROFILE

Alhamra Islamic Money Market Fund is an Open-ended Shariah Compliant Money Market Scheme which primarily invests in Shariah Compliant Authorized Investments. Alhamra Islamic Money Market Fund will make investments in line with its authorized investments. The Fund will be investing in a range of liquid Shariah compliant money market and Shariah compliant debt instruments.

Who should invest?

Investors with higher liquidity needs are encouraged to invest in ALHIMMF.

*Note: MCB Pakistan Frequent Payout Fund (An Open-ended Asset Allocation Scheme) has been renamed as Alhamra Islamic Money Market Fund (An Openended Shariah Compliant Money Market Scheme) with effect from August 21, 2020 (Date of Conversion). In order to provide information to the Unit Holder fairly, this Fund Manager’s Report is prepared from the Date of Conversion.

Quick Facts

Launch Date 16th November 2015
Converted into Shariah Compliant Islamic Money Market Scheme with effective from 21st August 2020
Fund Type An Open End Scheme
Currency PKR
Minimum Investment 500 /-
Fund Manager Awais Abdul Sattar, CFA
Asset Manager Rating AM1 (AM One) by PACRA (06-Oct-2020)
Pricing Mechanism Backward
Listing Pakistan Stock Exchange
Trustee Digital Custodian Company Limited (Formerly MCB Financial Services Limited)
Auditor Ernst & Young Ford Rhodes Chartered Accountants
Benchmark Three months average deposit rates of three (3) AA rated Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP.

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

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AH_ALHIMMF _FORM
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Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not necessarily indicative of the future results. Please read the Offering Document to understand the investment policies and the risks involved. Performance data does not include the cost incurred directly by an investor in the form of sales loads etc. The information in this literature is issued for indicative and informational purposes only and investors are advised to make their own appraisal of the investment opportunity, tax implications and consult their own financial, legal, taxation and/or other professional advisors prior to making any investment in mutual fund. The mutual fund may hold certain non-compliant investments. Before making any investment decision, investors should review the latest monthly Fund Manager Report and the Financial Statements of the mutual fund particularly the details of non-compliant investments, provision against SWWF liability and Risk Factors.