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Fund Objective |
The investment objective of Pak Oman 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 | Three months average deposit rates of three (3) AA rated Islamic Banks/Islamic Windows of Conventional banks as selected by MUFAP (Benchmark is uniform for this category as per rules defined by MUFAP). | |
| Shariah Advisor | Al-Halal Shariah Advisor Pvt Ltd |
| Dealing Day/cut off time | Mon – Fri 9:00AM / 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% of average annual net assets (Currently 0.15%) | |
| Selling & Marketing Expenses | Upto 0.4% of Net Assets (Currently NIL) | |
| Trustee | Digital Custodian Company Limited (Formerly MCB Financial Services Limited). | |
| Auditor | RSM Avais Hyder Liaquat Nauman | |
| Registrar | POAMCL (In House) | |
| Listing | Pakistan Stock Exchange |