KASB Cash fund
Investment Objective
KASB Cash Fund (KCF) is an open-ended money market Fund, seeking to generate reasonable returns consistent with low risk from a portfolio constituted of high quality short term instruments including cash deposits and government securities. The Fund will maintain a high degree of liquidity, with weighted average time to maturity of Net Assets not exceeding 90 days.
Summarised Term Sheet
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Date of Inception
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August 12, 2009
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Type
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Open-ended money market fund
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Minimum Initial Investment
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Growth Units, PKR 10,000/-
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Payout Units, PKR 100,000/-
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Benchmark
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20% average of daily saving account rate of AA and above rated scheduled banks and 80% average of 3-month deposit rate of AA and above rated scheduled banks
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Front-end load
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1.00%
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Back-end load
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NIL
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No minimum holding period
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Any time redemption as and when requested by investor
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Tax Credit
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Under current Government Regulations on investment of upto PKR 300,000/-
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Listing
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Karachi Stock Exchange |