chat
Ask Fund Manager
Sending

MCB Pakistan Fixed Return Plan VII

INVESTMENT OBJECTIVE

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

Start your investment journey today and become a Mutual Funds Investor online with iSave

Quick Facts

Launch Date October 25, 2022
Fund Type
Fixed Return 15.00% per annum
Currency PKR
Minimum Investment 500 /-
Scheme Category An Open-End Fixed Rate/ Return Scheme
Maturity Date of the Allocation Plan October 19, 2023
Asset Manager Rating AM1 (AM 1) by PACRA
Pricing Mechanism Backward Pricing
Listing Listed on Pakistan Stock Exchange as an Open End Scheme
Trustee Central Depository Company of Pakistan Limited
Fund Manager
Auditor Yousuf Adil & Co., Chartered Accountants
Units Allocation Investors with cleared funds with the designated bank account of MCB PFRP VII by October 25, 2022
Benchmark Up to twelve month average PKRV rates based on the duration of the Portfolio.
Contingent load (Early Withdrawal Penalty) Upto 1%. Early withdrawal shall attract contingent load that will cover the cost of selling underlying government securities before maturity i.e. Oct 19, 2023 subject to the terms and conditions of Offering Document
Zakat & 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.
Share
FacebookTwitterLinkedIn

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.