Faysal Government Securities Fund
Fund Objective
The objective of the scheme is to provide competitive returns by investing primarily in Government Securities.
Brief Terms of FGSF are presented below
| Fund Name | Faysal Government Securities Fund |
| Fund Type | Open Ended |
| Pricing Mechanism | Forward |
| Stability Rating | AA(f) |
| Category | Income |
| Tenure | Perpetual |
| Management Fee | Management Company shall be entitled to an accrued remuneration equal to an amount not exceeding 1% of Average Annual Net Assets, within allowed expense ratio limit. |
| Minimum Investment | PKR 5,000/- |
| Front end load | Upto 2% p.a |
| Back end Load | Nil |
| Risk Profile | Low |
| Benchmark | Six (6) months PKRV rates |
| Trustee | Central Depository Company of Pakistan Limited |
| Legal Advisor | Mohsin Tayebaly & Co. |
| Auditor | A.F Ferguson & Co, Chartered Accountant |
| Back Office Accounting Services | IT Minds Limited |
| NTN | 6988627-1 |
Key Benefits
No minimum holding period of investment
Low risk and return potential -Low
Invest with as low as PKR 5,000/=
Tax benefit as per Section 62 of ITO 2001
Exemption from Zakat on submission of Affidavit
Ideal for investors with medium term horizon, seeking returns better than bank deposits.
Encashment without any penalty
Frequently Asked Questions
What is Faysal Government Securities Fund?
The objective of the scheme is to provide competitive returns by investing primarily in Government Securities.
Who can Invest?
This Fund is Ideal for investors with short and medium term horizons, seeking returns better than bank deposits. while aiming to preserve the principal.
What is Fund strategy?
The investment strategy of the Fund is to provide consistent returns to its investors through active investments in a blend of short, medium and long term securities issued and / or guaranteed by Government of Pakistan. The Fund will aim to provide superior risk adjusted returns through active duration and liquidity management tools.
FGSF Performance
| Year | Fund's Annual Yield | Benchmark's Annual Yield |
|---|---|---|
| FY 2019-20 | 10.92% | 8.73% |
| FY 2020-21 | 6.80% | 7.28% |
Investment Committee
| Mr. Khaldoon Bin Latif | Chief Executive Officer |
| Mr. Ayub Khuhro | Chief Investment Officer |
| Mr. Faisal Ali Khan | Chief Financial Officer |
| Syed Shahid Iqbal | Head of Fixed Income |
| Mr. Mustajab Alam | Fund Manager |
| Mr. Umer Pervez | Director Research |
| Mr. Khurram Salman | Head of Compliance and Internal Audit |
| Mr. Imad Ansari | Head of Risk |
