AGMMF seeks to generate competitive returns consistent with a low risk portfolio. The fund maintains a high degree of liquidity.
An open ended fund that offers investors a very liquid saving vehicle with money market returns. The fund invests primarily in money market instruments, i.e., treasury bills, money market pacements, Term Deposit Receipts, and other authorized investments.
|Category||Money Market Scheme|
|Fund Type||Open Ended|
|Benchmark||70% three (3) months PKRV rates + 30% three (3) months average deposit rate of three (3) AA rated scheduled Banks as selected by MUFAP|
|Launch Date||May 27, 2010|
|Management Fee||0.45% of average daily Net Assets of the Scheme subject to the maximum limit defined in the Regulations|
|Minimum Initial Investment||PKR 500|
|Minimum Subseq. Investment||PKR 100|
|Trustee||Central Depository Company Pak Limited|
|Auditor||EY Ford Rhodes, Chartered Accountants|
|Listing||Pakistan Stock Exchange|
|Dealing Days||Monday – Friday|
|Cut-off Time||9:00 a.m. – 4:00 p.m.|