Overview
AL Habib Money Market Fund (AHMMF) is an open-ended money market fund which maximizes returns of unit-holders by investing in short term, highly liquid, and low risk debt securities having maximum maturity of six months. Weighted average maturity of the portfolio can be up to 90 days. The major portion of investments are made in term of deposits with commercial banks and Government Securities (T-Bills). Furthermore, investments are limited to be in entities or issues rated “AA” or higher, on the other hand, AHMMF will not have any exposure in equities or long-term debt instruments.
Investment Objective
AHMMF provides its unit-holders optimum returns from a portfolio of low risk and short duration assets while being highly liquid.
For Investor's Seeking
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Short term investment avenues
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Regular and stable source of income shielded from volatility of long-term fixed income instruments and stock market
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High liquidity (no lock-in period, investors can withdraw their investments during cut-off timings without any penalty)
Fund Details
| Basic Facts | |
|---|---|
| Launch Date | December 20, 2021 |
| Fund Type | Open-ended |
| Fund Category | Money Market Scheme |
| Fund Manager | Mr. Ahmed Abbas |
| Management Fee | 10% of the gross earnings of the scheme |
| Front-end-Load | 3% (Management has the discretion to reduce or waive load on any transaction) |
| Back-end-Load | Nil |
| Benchmark | 70% three (3) months PKRV rates + 30% three (3) months average deposit rate of three (3) AA rated scheduled banks |
| Dealing Days | Monday to Friday |
| Cut-off Timings | a) For Regular Transactions 09:00 am to 04:30 pm |
| Pricing Mechanism | Backward Pricing |
| Allocation of Units | On Realization of Funds |
| Minimum Subscription | Initial investment of Rs. 5,000/- (Subsequently Rs. 1,000/- per transaction) |
| Fund Stability Rating | AA+(f) by VIS |
| Rating Date | December 30, 2022 |
| Risk Profile | Very Low (Principal at Very Low Risk) |