Overview
AL Habib Cash Fund is an open-ended money market Fund which invests in short term, highly liquid and low risk investment avenues with a maximum maturity of six months and weighted average maturity of up to 90 days. The major portion of investments are made in term of deposits with commercial banks and Government Securities (T-Bills). Rating of any security in the portfolio shall not be lower than “AA”. FHCF will have no exposure in equities or long-term debt instruments. There is no lock-in period, investor can withdraw their investment during cut-off timings without any penalty.
Investment Objective
AHCF provides its unit-holders competitive returns from a portfolio of low risk, short duration assets while maintaining high liquidity.
For Investors’ Seeking
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Short term investment avenue
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Regular and secure source of income without long term commitment
Fund Details
| Basic Facts | |
|---|---|
| Launch Date | March 10, 2011 |
| Fund Type | Open-ended |
| Fund Category | Money Market Scheme |
| Fund Manager | Mr. Ahmed Abbas |
| Management Fee | Up to 10% of the gross earnings of the scheme |
| Front-end-Load | 2% (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) Monday to Thursday 4:00 pm; Friday 4:30 pm |
| Pricing Mechanism | Backward Pricing |
| Allocation of Units (NAV) | 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 13, 2022 |
| Risk Profile | Very Low (Principal at Very Low Risk) |