Askari High Yield Scheme
Funds Information
Fund Objective | The objective of the Fund is to provide investors an opportunity to make competitive returns from fixed income securities while targeting a portfolio duration of six months. | |
| Type of Scheme | Open-end | |
| Nature of Scheme | Aggressive Fixed Income Scheme | |
| Inception Date | 01-Dec-05 | |
| Benchmark | Average 1 Year KIBOR | |
| Dealing Day/cut off time | Mon – Fri 9:00am / 4:30 pm | |
| Pricing Mechanism | Forward | |
| Minimum Investment | PKR 5,000 |
| Front end load | 0.00% | |
| Back end load | 0.00% | |
| Selling & Marketing Expenses | Up to 0.4% per annum | |
Management Fee | up to 12% of Gross Earnings subject to a maximum of 1.00% on the average annual net assets. Currently, 0.35% p.a. fee is being charged. | |
| Auditor | RSM Avais Hyder Liaquat Nauman | |
| Trustee | Central Depository Company (CDC) Public Limited | |
| Registrar | POAMCL (In House) | |
| Listing | Pakistan Stock Exchange |
Risk Profile of the Fund
| AMC Rating | “AM3+” with Positive Outlook by PACRA as on 15-Feb-21 | |
| Fund Stability Rating | A(f) by PACRA as on 17-Feb-21 | |
| Risk Profile of Fund | Medium | |
| Risk of Principle Erosion | Principle at Medium Risk |
