Lakson Money Market Fund
The investment objective of the Lakson Money Market Fund is to provide stable and competitive returns in line with the money markets, exhibiting low volatility consistent with capital preservation by constructing a liquid portfolio of low risk short term investments.
Investment & Suitability
The fund is best suited for investors with a short-term investment horizon and for cash management, as well as for investors with medium to long-term investment horizons as part of their larger portfolio strategy.
1 Day Return | 15 Day Return | 30 Day Return | 90 Day Return | 180 Day Return | 365 Day Return | FYTD |
---|---|---|---|---|---|---|
12.49% | 12.55% | 14.96% | 17.34% | 19.61% | 21.23% | 18.92%% |
Investment Committee
Rating by PACRA
AA+
PACRA has maintained the stability rating of the Lakson Money Market Fund (LMMF) at ‘AA +’ (Double A – fund rating), an open-end money market fund. The fund’s rating denotes a very strong capacity to manage relative stability in returns and very low exposure to risks.
Key Fund Details | |
---|---|
Fund Type | Open-End |
Category | Money Market Fund |
Net Assets*** | 13490 |
NAV (11/21/2024)* | 111.7302 |
Pricing Mechanism | Previous Day |
Trustee | CDC Pakistan Limited |
Auditor | Yousuf Adil Saleem & Co. |
Management Fee | Upto 1% of the average annual net assets calculated on daily basis |
Front End Load | None |
Back End Load | None |
Launch Date | November 13, 2009 |
Benchmark | 70% average 3 months PKRV rates + 30% average 3 months deposit rate of three AA+ rated banks. |
Dealing Days | Mon-Fri |
Cut-Off Time | 4:00 PM |
Fund Rating | AA+ by PACRA (09.09.2021) |
Risk Profile | Low Risk |
Asset Manager Rating | AM2+ by PACRA (27.08.2021) |
* Updated Daily ** Updated Weekly *** Updated Monthly
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 future results. The investors are advised in their own interest to carefully read the Offering Document in particular the investment policies in Clause 2.2 and risk disclosures and warning statements in contained in Clause 2.11 and part 11 in the respective Offering Documents.