Askari Sovereign Yield Enhancer
Funds Information
| Fund Objective | The objective of the Fund is to generate relatively higher yield than the conventional bank deposits, from a portfolio constituted of credit worthy sovereign instruments and banking sector fixed income instruments and deposits. | |
| Type of Scheme | Open-end | |
| Nature of Scheme | Income Scheme | |
| Inception Date | 09-Dec-11 | |
| Benchmark | 75% six (6) months KIBOR + 25% six (6) months average of the highest rates on savings account of three (3) AA rated scheduled Banks as selected by MUFAP | |
| Dealing Day/cut off time | Mon – Fri 9:00am / 4:30 pm | |
| Pricing Mechanism | Forward |
| Minimum Investment | PKR 5,000 | |
| Front end load | 1.25% | |
| Back end load | 0.00% | |
| Management Fee | 0.50% p.a. | |
| Selling & Marketing Expenses | Up to 0.4% per annum | |
| Trustee | Central Depository Company of Pakistan Ltd. | |
| Auditor | S.M. Suhail & Company | |
| Registrar | POAMCL (In House) | |
| Listing | Pakistan Stock Exchange |
Risk Profile of the Fund
| AMC Rating | ““AM3++” with Stable Outlook by PACRA as on 13-Sept-24 | |
| Fund Stability Rating | AA-(f) by JCR-VIS as on 2-Jan-25 | |
| Risk Profile of the Fund | Medium | |
| Risk of Principle Erosion | Principle at Medium Risk |