Alfalah GHP Money Market Fund

Investment Objective:

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.

Fund Details
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
Pricing Forward Day
Sales Load 1.00%
Risk Profile Low
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.

Ratings

Fund Rating
AA by PACRA

Asset Manager Rating
AM2+ by PACRA

Characteristics

  • Low risk investment
  • Potentially steady returns
  • High liquidity
  • Tax benefits

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