Faysal Money Market Fund

Funds Overview


Faysal Money Market Fund (FMMF) aims to generate competitive returns with minimum risk and enhanced liquidity by investing primarily in short-term government securities, term deposits and money market instruments with weighted average time to maturity of Net Assets not exceeding 90 days.

Brief Terms of FMMF are presented below


Fund TypeOpen Ended
CategoryMoney Market Scheme
Risk ProfileLow
Stability RatingAA+ (PACRA)
Launch DateDecember 13, 2010
Custodian/TrusteeCentral Depository Company of Pakistan (CDC)
AuditorDeloitte Yousuf Adil
Management Fee0.80%
Front end LoadNil
Back end LoadNil
Min SubscriptionPKR.5,000/-
Benchmark70% Three months PKRV rates + 30% Three months average deposit rates of three AA- rated scheduled Banks
Pricing MechanismBackword
AMC RatingAM3+(JCR-VIS)

Key Benefits


Low credit risk
No minimum holding period of investment
Encashment without any penalty
The fund is CDC eligible and its units can also be used as collateral at the PSX
No front-end load
Invest with as low as PKR 5,000/-
Salaried / Non-salaried Investors can avail tax credit on their investment under section 62 of Income Tax Ordinance 2001 – subject to holding of investment for 24 months from investment date
Exemption from Zakat on submission of Affidavit

FMMF Performance


YearDividend PayoutFund's Annual YieldBenchmark's Annual Yield
FY 2010-115.75%11.20%10.18
FY 2011-1210.60%10.98%9.98%
FY 2012-138.45%9.06%8.33%
FY 2013-148.05%8.35%8.44%
FY 2014-1512.85%8.64%7.72%
FY 2015-165.70%5.67%5.34%
FY 2016-176.95%7.14%5.25%

Investment Objective & Strategy


The Investment Objective of Faysal Money Market Fund is to generate competitive returns with minimum risk and enhanced liquidity by investing primarily in short-term government securities, term deposits and money market instruments with weighted average time to maturity of Net Assets not exceeding 90 days.

Investment Committee

Mr. Razi Ur Rahman KhanCEO
Mr. Ayub KhuhroCIO
Mr. Saif HassanFund Manager (Equity)
Ms. Sania AwanActing Head of Research
Mr. Syed Shahid IqbalSR. Fund Specialist - Fixed Income

lebron 14 bhm kd x still ua curry 4 curry 4 championship curry 4 black white adidas yeezy boost 350 v2 black white adidas yeezy boost 350 v2 triple white adidas yeezy boost 350 v2 cream white lebron 14 low kyrie 4 kyrie 3