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*One Month Annualized Return as of 30-Sep-2020 based on NAV to NAV with dividend reinvestment, Benchmark return: 6.69%. Fund Stability Rating: "AA(f)" by PACRA 17-Apr-20. Fund Category: Money Market Scheme. Avail tax credit on investment up to Rs. 2,000,000/- or 20% of individual’s taxable income (whichever is lower) on an investment made in Mutual Funds as per section 62 of Income Tax Ordinance. For Funds’ categories, returns (including any unusual performance), ratings and other information, please read the latest Fund Manager Report. This publication is for informational purposes only and nothing herein should be construed as a solicitation, recommendation, or an offer to buy or sell any fund. All investments in mutual funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Document to understand the investment policies and risks involved. All returns are calculated assuming reinvested dividends. Performance data does not include the cost incurred directly by an investor in the form of sales load etc.

Characteristics

High Liquid

The fund invest in Cash and Near Cash Securities

High Quality Govt and Corporate Debt Securities

Exposure to Government and high quality corporate debt securities

Seasoned Fund Managers

Managed by seasoned fund managers

Stable & Comparative Returns

The fund has a potential of securing stable & comparative returns

Tax Benefits

Avail Tax Benefit up to 20% as per Income Tax Ordinance 2001

Very Low Risk

The fund is suitable for investors with Very Low Risk appetite

Investment Objective

AGCF seeks to provide a regular stream of income at a comparative rate of return, while preserving capital to the extent possible, by investing in assets with low risk and a high degree of liquidity. AGCF actively manages a diversified portfolio of short term money market instruments in its pursuit of providing a regular stream of income at a competitive rate of return while preserving capital. The fund manager actively manages the duration of the fund, within allowable parameters, in order to optimize returns on a risk-adjusted basis.

Fund Details

  • Category
  • Money Market Scheme
  • Fund Type
  • Open Ended
  • Benchmark
  • Distinct 70% three (3) months PKRV rates + 30% three (3) months average deposit rate of three (3) AA rated scheduled Banks as selected by MUFAPio Ea earum
  • Launch Date
  • March 12, 2010
  • Pricing
  • Forward Day
  • Sales Load
  • N/A
  • Risk Profile
  • Low
  • Management Fee
  • 0.21% per annum of Average Daily net Assets
  • Minimum Initial Investment
  • Rs. 5,000
  • Minimum Subseq. Investment
  • Rs. 1,000
  • Trustee
  • Central Depositry
  • Auditor
  • A. F. Ferguson & Co.
  • Listing
  • Pakistan Stock Exchange
  • Dealing Days
  • Monday to Friday
  • Cut-off Time
  • 9:00 am to 4:00 pm

FMR Snapshot

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