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.


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
  • Fixed Rate / Return Scheme
  • 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
  • June 07, 2023
  • Pricing
  • Forward Day
  • Sales Load
  • upto 0%
  • Risk Profile
  • Low
  • Management Fee
  • upto. 1%
  • Minimum Initial Investment
  • PKR 500/-
  • Minimum Subseq. Investment
  • PKR 0/-
  • Trustee
  • Central Depository Company of Pakistan Limited (CDC)
  • Auditor
  • A.F Ferguson & Co. Pakistan
  • Listing
  • Pakistan Stock Exchange
  • Dealing Days
  • Monday - Friday
  • Cut-off Time
  • 9:00 am - 4:00 pm

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