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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

Steady Returns

The fund has a potential of securing Steady 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

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 placements, 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
  • Very Low
  • Management Fee
  • 0.60% 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 to Friday
  • Cut-off Time
  • 9:00 a.m. – 4:00 p.m.

FMR Snapshot

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