MCB Pakistan Asset Allocation Fund (MCB-PAAF ) is an asset allocation fund and its objective is to aim at providing a high absolute return by investing in equity and debt markets.
MCB PAAF shifts exposures in to debt or equity as per market conditions and discretion of the Management Company. The fund may invest up to 90% in equity securities or up to 90% in debt securities according to market conditions.
| Launch Date | 17th March 2008 |
|---|---|
| Fund Type | An Open End Scheme |
| Currency | PKR |
| Minimum Investment | 500 /- |
| Asset Manager Rating | AM1 (AM 1) by PACRA |
| Fund Manager | Syed Abid Ali |
| Pricing Mechanism | Forward |
| Listing | Pakistan Stock Exchange |
| Trustee | Central Depository Company of Pakistan Limited |
| Auditor | M/s. A.F Ferguson & Co. Chartered Accountants |
| Benchmark | Weighted average of 70% of three (3) months PKRV rates plus 30% of three (3) months average deposit rates of three (3) AA rated commercial banks as selected by MUFAP and six (6) month KIBOR and KSE-100 index based on the actual proportion of the scheme in money market, fixed income and equity securities |
Latest Expense ratio of the Fund is updated in the FMR (Fund Manager’s Report).
| Year | Fund (%) | Benchmark (%) |
|---|---|---|
| 2023 | 0.64 | 3.36 |
| 2022 | -11.56 | -8.78 |
| 2021 | 26.16 | 29.36 |
| 2020 | -3.58 | -0.29 |
| 2019 | -9.79 | 1.00 |
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.