PODDF (Islamic Money Market)
Funds Information
Fund Objective | The investment objective of Pak Oman Islamic Daily Dividend Fund is to meet liquidity needs of investors by providing investors, a daily payout through investment in Islamic Short term instruments | |
| Type of Scheme | Open-end | |
| Nature of Scheme | Shariah Compliant Money Market | |
| Inception Date | 08-December-2021 | |
| Benchmark | 90% three (3) months PKISRV rates + 10% three (3) months average of the highest rates on savings account of three (3) AA rated scheduled Islamic Banks or Islamic Windows of Conventional Banks as selected by MUFAP | |
| Shariah Advisor | Al-Halal Shariah Advisor Pvt Ltd |
| Dealing Day/cut off time | Mon – Fri / 9:00 am to 10:00 am | |
| Pricing Mechanism | Backward | |
| Minimum Investment | PKR 10,000 | |
| Front end load | 0.5% | |
| Back end load | NIL | |
| Management Fee | 0.1% to 1% p.a. of average annual net assets | |
| Selling & Marketing Expenses | Up to 0.00% of Net Assets (Currently NIL) | |
| Trustee | Digital Custodian Company Limited | |
| Auditor | S.M. Suhail & Company | |
| Registrar | POAMCL (In House) | |
| Listing | Pakistan Stock Exchange |
AMC Rating | “AM3++” with Stable Outlook by PACRA | |
| Fund Ranking | AA(f) by PACRA (12-June-25) | |
| Risk Profile | Very Low | |
| Risk of Principle Erosion | Principle at Very Low Risk | |