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Pakistan Capital Market Fund

Investment Objective

The objective of the Fund is to provide investors a mix of income and capital growth over medium to long term from equity and debt investments

Pakistan Capital Market Fund Profile

Pakistan Capital Market Fund (PCM) is an Open end Balanced Scheme that invests in a range of asset classes such as equity and debt in Pakistani market.

The asset allocation to equities and debt is made on the basis of relative attractiveness of each asset class. The investment process is driven by fundamental research. For equities investment, fundamental outlook of sectors/companies and DCF (discounted cash flow) valuations are the primary factors in sectors’ allocation and stock selection. For debt investment, interest rate outlook is the key determining factor and allocation to this segment is increased when the yields are comparatively higher compare to the total returns on equities. Investment is made in corporate bonds (investment grade) and government bonds. Cash is kept in deposits with highly rated banks.

Quick Facts

Launch Date 24-Jan-2004
Fund Type An Open End Scheme
Asset Manager Rating AM1 (AM 1) by PACRA
Currency PKR
Minimum Investment 500 /-
Fund Manager Syed Abid Ali
Pricing Mechanism Forward
Listing Pakistan Stock Exchange
Trustee Central Depository Company of Pakistan Limited
Auditor A.F. Ferguson & Co. Chartered Accountants
Benchmark KSE 100 Index and Six (6) months KIBOR rates on the basis of actual proportion held by the Scheme

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

5 years performance

Year Fund (%) Benchmark (%)
2022 -11.25 -7.53
2021 31.10 23.14
2020 4.86 2.25
2019 -9.41 -13.84
2018 -3.21 -4.32

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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.