One Month Annualized Return as of 31st-May-2024 based on NAV to NAV with dividend reinvestment, Benchmark return: 11.20%. Fund Stability Rating: "AA(f)" by PACRA . Fund Category: Shariah Compliant Money Market. For Funds’ categories, returns (including any unusual performance), ratings and other information, please read the latest Fund Manager Report. This publication is for informational purposes only and nothing herein should be construed as a solicitation, recommendation, or an offer to buy or sell any fund. All investments in mutual funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Document to understand the investment policies and risks involved. All returns are calculated assuming reinvested dividends. Performance data does not include the cost incurred directly by an investor in the form of sales load etc.


Cash Management

Ideal for cash management in a Shariah compliant manner

Investment Objective

The investment objective of the Fund is to generate regular and stable returns by investing primarily in Shariah Compliant Banks and windows of conventional Banks and any other Shariah compliant money market.

Fund Details

  • Category
  • Shariah Compliant Money Market
  • Fund Type
  • Open Ended
  • Benchmark
  • The three (3) months average deposit rates of three (3) AA rated Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP.
  • Launch Date
  • April 14, 2023
  • Pricing
  • Forward Day
  • Risk Profile
  • Low
  • Management Fee
  • upto.1%
  • Minimum Initial Investment
  • PKR 500/-
  • Minimum Subseq. Investment
  • PKR 100/-
  • Trustee
  • Central Depository Company of Pakistan Limited (CDC)
  • Auditor
  • A. F. Ferguson & Co.
  • Listing
  • Pakistan Stock Exchange
  • Dealing Days
  • Monday to Friday
  • Cut-off Time
  • 9:00 am to 4:00 pm

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