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Faysal Money Market Fund

Manage your liquidity

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 End Fund
Category Money Market Scheme
Tenure Prepetual
Risk Profile Low
Stability Rating AA (f) (PACRA)
Launch Date December 13, 2010
Benchmark 70% Three months PKRV rates + 30% three
months average deposit rates of three AA-rated
scheduled Banks
Pricing Mechanism Backward
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. Management shall
disclose actual rate of management fee charged as
percentage of net assets of collective investment
scheme in monthly Fund Manager Report.
Front end Load Up to 2% of NAV
Back end Load Nil
Minimum Investment PKR 5,000/-
Trustee Central Depository Company of Pakistan
Auditor A. F. Ferguson & Co.
Legal Advisor Mohsin Tayebaly & Co.
NTN 3657958-7

All investments in mutual funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Documents to understand the investment policies,
risks involved and tax implications. Performance data does not include cost incurred by investor in the form of sales load. All returns/figures are annualized, net of sales load and all fees including management fee

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 against financing,
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 Fund's Annual Yield Benchmark's Annual Yield
FY 2010-11 11.20% 10.18
FY 2011-12 10.98% 9.98%
FY 2012-13 9.06% 8.33%
FY 2013-14 8.35% 8.44%
FY 2014-15 8.64% 7.72%
FY 2015-16 5.67% 5.34%
FY 2016-17 7.14% 5.25%
FY 2017-18 5.23% 5.35%
FY 2018-19 8.87% 8.72%
FY 2019-20 12.57% 11.65%
FY 2020-21 6.89% 6.70%

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 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. Mohammed Hunain, CFA Head of Research
Mr. Khurram Salman Head of Compliance and Internal Audit
Mr. Imad Ansari Head of Risk