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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 Type Open Ended
Category Money Market Scheme
Risk Profile Low
Stability Rating AA (f) PACRA
Launch Date December 13, 2010
Custodian/Trustee Central Depository Company of Pakistan (CDC)
Auditor Deloitte Yousuf Adil
Management Fee 7.5% of gross earnings (min 0.50% p.a. , max of 0.80% p.a. ) of average daily net assets
Front end Load Nil
Back end Load Nil
Min Subscription PKR.5,000/-
Benchmark 70% Three months PKRV rates + 30% Three months average deposit rates of three AA- rated scheduled Banks
Pricing Mechanism Backward
AMC Rating AM3 (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


Year Dividend Payout Fund's Annual Yield Benchmark's Annual Yield
FY 2010-11 5.75% 11.20% 10.18
FY 2011-12 10.60% 10.98% 9.98%
FY 2012-13 8.45% 9.06% 8.33%
FY 2013-14 8.05% 8.35% 8.44%
FY 2014-15 12.85% 8.64% 7.72%
FY 2015-16 5.70% 5.67% 5.34%
FY 2016-17 6.95% 7.14% 5.25%
FY 2017-18 5.04% 5.23% 5.35%

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. Khaldoon Bin Latif CEO
Mr. Ayub Khuhro CIO
Mr. Syed Shahid Iqbal SR. Fund Specialist - Fixed Income
Mr. Mohammad Qasim Manager Risk

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