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MCB Pakistan Fixed Return Plan II (PFRF)

INVESTMENT OBJECTIVE

To meet the needs of Investors with a very low risk appetite and looking for short term return.

FUND PROFILE

Investors will be intimated at the time of investment a Fixed rate of return which will be delivered at the time of maturity of the Plan.

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Quick Facts

Launch Date 11th October, 2022
Fund Type An Open-End Fixed Rate/ Return Scheme
Currency PKR
Minimum Investment 500 /-
Fund Manager
Risk Profile Very Low (Principal at very low risk)
IPO date October 10, 2022
Fixed Return 15.00% per annum from the date of IPO
Maturity Date of the Allocation Plan April 06, 2023
Asset Manager Rating AM1 (AM 1) by PACRA
Pricing Mechanism Backward Pricing
Units Allocation Investors with cleared funds with the designated bank account of MCB PFRP II by October 10, 2022
Zakat and Taxation Zakat Deduction as per Zakat & Ushr Ordinance, 1980. Capital Gain Tax and withholding tax on cash dividends as per prevailing Income Tax Ordinance, 2001.
Listing Listed on Pakistan Stock Exchange as an Open End Scheme
Trustee Central Depository Company of Pakistan Limited
Auditor Yousuf Adil & Co., Chartered Accountants
Benchmark 70% three (3) months average deposit rate of three (3) AA rated scheduled Banks as selected by MUFAP +30% three (3) months PKRV rates.
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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.