Overview
AL Habib Sovereign Income Fund (AHSIF) is an Open-ended Sovereign Income Scheme. The fund aims to maximize capital preservation while generating competitive returns primarily through investments in Government Securities.
Investment Objective
To seek maximum possible preservation of capital and generate a competitive return by investing primarily in Government Securities.
For Investors’ Seeking
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Short to medium term income and capital growth
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Ideal for investor with Medium Risk Appetite
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No Front end Load
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Managed by professional & experienced Fund Manger
Fund Details
| Basic Facts | |
|---|---|
| Launch Date | Launch Date: June 03, 2025 |
| 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 | ‘AAA(f)’ by VIS |
| Rating Date | December 27, 2024 |
| Risk Profile | Very Low (Principal at Very Low Risk) |