Faysal MTS Fund
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Funds Overview
The Fund provides a platform to diversify the portfolio within the income market primarily through the MTS market by providing leverage to investors looking to finance their exposure within the Stock Market through the Margin Trading System (MTS) offered by NCCPL. FMTSF shall act as trade financiers and will be able to provide trade financing for ‘Eligible Securities through NCCPL’.
Brief Terms of FMTSF are presented below
| Fund Type | Open Ended |
| Category | Income Scheme |
| Launch Date | April 08, 2016 |
| Stability Rating | AA-(f)(PACRA) |
| Risk Profile | Low |
| Auditors | A.F.Ferguson & Co. |
| Trustee | Central Depository Company of Pakistan (CDC) |
| Management Fee | Management Company shall be entitled to an accrued remuneration equal to an amount not exceeding 1% of Average Annual Net Assets, with in allowed expense ratio limit. |
| Front end Load | Up to 2% of NAV |
| Back end Load | 0% |
| Minimum Investment | PKR. 5000/- |
| Benchmark | Six months KIBOR rates |
| Pricing Mechanism | Forward |
| AMC Rating | AM2 (VIS) |
Key Benefits
First fund of its kind in the industry
Low volatility
Will provide you a tool to diversify your investment in MTS market or other similar avenues
Encashment without any penalty
Exemption of Zakat on submission of Affidavit
No minimum holding period of investment
Open end fund structure – Ease of entry & exit
Economically viable for the investor to act as a financier through MTS Fund
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
FMTSF Performance
| Year | Dividend Payout | Fund's Annual Yield | Benchmark's Annual Yield |
|---|---|---|---|
| FY 2015-16 | 1.31% | 5.96% | 5.51% |
| FY 2016-17 | 5.90% | 6.14% | 6.10% |
| FY 2017-18 | 5.37% | 5.63% | 6.35% |
Investment Objective & Strategy
The objective of Faysal MTS Fund (FMTSF) is to provide competitive returns primarily through investment in to MTS market.
Investment Committee
| Mr. Khaldoon Bin Latif | Chief Executive Officer |
| Mr. Ayub Khuhro | Chief Investment Officer |
| Mr. Faisal Ali Khan | CFO and Company Secretary |
| Syed Shahid Iqbal | Sr. Fund Specialist - Fixed Income |
| Mr. Mustajab Alam | Sr. Fund Specialist - Fixed Income |
| Mr. Umer Pervez | Director Research |
| Mr. Khurram Salman | Head of Compliance and Internal Audit |
| Mr. Imad Ansari | Head of Risk |
