Scribd
Upload
193 views1 page

Askari Sovereign Cash Fund Term Sheet

The Askari Sovereign Cash Fund (ASCF) aims to provide investors with stable returns through investments in short-term sovereign securities with low credit and interest rate risk. It will invest a minimum of 70% in government securities to generate consistent returns with minimal price and credit volatility. The fund offers daily liquidity, multiple unit classes, and tax advantages under income tax laws. It is managed by Askari Investment Management, a subsidiary of Askari Bank, and seeks to maintain the bank's tradition of customer satisfaction and performance.

Uploaded by

Zaman Baloch
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
193 views1 page

Askari Sovereign Cash Fund Term Sheet

The Askari Sovereign Cash Fund (ASCF) aims to provide investors with stable returns through investments in short-term sovereign securities with low credit and interest rate risk. It will invest a minimum of 70% in government securities to generate consistent returns with minimal price and credit volatility. The fund offers daily liquidity, multiple unit classes, and tax advantages under income tax laws. It is managed by Askari Investment Management, a subsidiary of Askari Bank, and seeks to maintain the bank's tradition of customer satisfaction and performance.

Uploaded by

Zaman Baloch
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

Fact Sheet

INVESTMENT OBJECTIVE

sovereign cash
Fund

Askari Sovereign Cash Fund (ASCF) will strive to provide investors with a safe and stable source of income on investments that can be used as a cash management tool. ASCF would seek to generate consistent returns with very low price and credit volatility by generally investing in sovereign (government) securities of short maturities.

SALIENT FEATURES
Open-end Money Market Fund Low Credit and Interest rate risk Minimum 70% Investment in Government Securities Tax credit under income tax law** Low risk profile Liquidity (Redeemable any business day)* Mustaqbil Izafa Units (Future Growth Units) Amdan Units (Income Units)*** Yaksaan Amdan Units (Fixed Income Units) Aasan Amdan Units (Variable Income Units)

FUND MANAGER
Askari Investment Management Limited is a wholly owned subsidiary of Askari Bank Ltd. The bank was founded in 1992, since its inception, its growth and success patterns have far outpaced industry averages. AIM was incorporated in 2005 and is licensed by the Securities & Exchange Commission of Pakistan (SECP) to undertake Asset Management and Advisory activities. AIM strives to maintain the Askari tradition of customer satisfaction and performance through innovative products. AIM has been assigned an AM3 rating by Pakistan Credit Rating Agency(PACRA) where as Askari Bank has a long term credit rating of AA and short term rating of A1+ by PACRA.

PRODUCT SUMMARY
Management Fee : 1.0% of Average Annual Net Assets Front End Load****: Zero Currency : Pakistan Rupee (PKR) Par Value : PKR 100/Minimum Investment : PKR 5,000/-(Future Growth Units) PKR 100,000/-(Income Units)

Who can invest : Suitable for individual and institutional investors looking for an (a tax free**)investment opportunity to manage their surplus liquidity which offers protection against credit and interest rate risk. Pricing : Available daily on Askari Investments' website, free daily SMS and various local newspapers. Trustee : Central Depository Company (CDC) Tax Deduction : Bonus Units are tax free whereas cash dividends are subject to 10% withholding tax**. Zakat Applicability : Zakat deducted at source. Annulled in the case a Zakat declaration form is submitted to the transfer agent.
* Six working days unless trading in units of the Fund is suspended ** Under prevailing tax laws, and tax credit can be availed if the investment is held for a period of one year ***Subject to : a. In case of NAV appreciation, the Unit Holder may receive cash amount equivalent to the increase in the value of the Investment at the end of the periodic interval or as instructed by the Unit Holder b. The Unit Holder may receive cash amount from their principal investment, if there is a decline in NAV due to exceptional circumstances; if instructed so by the Unit Holder **** Subject to change as per Offering Document.

Askari Investment Management Ltd.

MORE INFORMATION For Further Information, please contact our Customer Care Centre at 0800 24611 You may also visit our website www.askariinvestments.com

DISCLAIMER: All investments in mutual funds are subject to market risks. The NAV of units may go up or down based on the market conditions. Past performance is not necessarily indicative of the future results. Please read the Offering Document to understand the investment policies and the risks involved. Askari Bank Ltd is acting as a Distributor of Askari Mutual Funds on behalf of Askari Investment Management Ltd. and shall not be held responsible in any manner whatsoever to any person, including but not limited to, the customer(s), beneficiary or any third party with respect to the performance of the fund(s).

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy