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Alfalah Islamic Money Market Fund

Prosperity aligned with principles
Return Type

0%

NAV

0.0

Offer Price

0

Redemption Price

0

Applicable date

-

Disclaimer
One Month Annualized Return as of 31st-October-2023 based on NAV to NAV with dividend reinvestment, Benchmark return: 10.18%. Fund Stability Rating: Not Yet Rated. 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.
Funds Rating:
AA(f) by PACRA

Characteristics

Cash Management
Cash Management

Ideal for cash management in a Shariah compliant manner

Investment Objective

The objective of the Alfalah Islamic Money Market Fund is to consistently generate stable returns by primarily investing in Shariah Compliant Banks, windows of conventional banks, and any other Shariah compliant money market instruments.

Fund Details

Category

Shariah Compliant Money Market

Fund Type

Open Ended

Benchmark

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

Backward Day

Sales Load

Up to 2.00%

Risk Profile

Low

Management Fee

upto.1%

Minimum Initial Investment

PKR 500/-

Minimum Subseq. Investment

PKR 100/-

Trustee

CDC Pakistan Limited

Auditor

A.F Ferguson & Co. Pakistan

Listing

Pakistan Stock Exchange

Dealing Days

Monday to Friday

Cut-off Time

9:00 am to 4:00 pm

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