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 | | Average 6 month PKRV |
| 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 | | 1.35% p.a. |
| Selling & Marketing Expenses | | Up to 0.4% per annum |
| Trustee | | Central Depository Company of Pakistan Ltd. (CDC) |
| Auditor | | RSM Avais Hyder Liaquat Nauman |
| 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 | | AA-(f) by JCR-VIS as on 31-Dec-20 |
| Risk Profile of the Fund | | Medium |
| Risk of Principle Erosion | | Principle at Medium Risk |
