To meet the needs of Investors with a very low risk appetite and looking for short term return.
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.
| Launch Date | 11th October, 2022 |
|---|---|
| Fund Type | An Open-End Fixed Rate/ Return Scheme |
| Currency | PKR |
| Asset Manager Rating | AM1 (AM 1) by PACRA |
| Minimum Investment | 500 /- |
| 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 |
| 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 |
| Fund Manager | Syed Mohammad Usama Iqbal |
| Auditor | M/s. M. Yousuf Adil Saleem & 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. |
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.