Lakson Income Fund
The investment objective of the Lakson Income Fund is to provide competitive total return through investment in a diversified portfolio of fixed income securities. Investments will be made in a variegated mix of short term, medium term and longer term maturities depending on the assessment by the Investment Team of interest rate trends and prospective returns.
Investment & Suitability
The fund is best suited for investors seeking consistent income with a medium term investment horizon.
Performance Summary
1 Day Return | 15 Day Return | 30 Day Return | 90 Day Return | 180 Day Return | 365 Day Return |
---|---|---|---|---|---|
0.00% | 7.33% | 9.33% | 13.88% | 21.06% | 21.88% |
Investment Committee
- Babar LakhaniChief Executive OfficerBabar LakhaniChief Executive OfficerBabar Lakhani has over 20 years of investment and portfolio management experience in public and private markets. Babar Lakhani most recently served as the CIO of Century Insurance, a Public Limited company listed on the Pakistan Stock Exchange of Pakistan. Prior to joining Lakson Group his positions were as an Investment Associate at High Street Advisors and an Research Associate at Credit Suisse First Boston.Babar serves on the board of many of the investee companies of Lakson’s PE and VC funds. In addition to this, he sits on the board of several Lakson Group companies.He received his BA in Finance from Bentley College, and his MBA from Brandeis University. Babar Lakhani is a member of the Global Association of Risk Professionals (GARP), the Society of Financial Service Professionals, and the Young Presidents’ Organization (YPO Pakistan and YPO Emirates). He is also a member of the Alumni Trustee Committee of Brandeis University, the school’s representative in Pakistan, a Board Member of Developments in Literacy (DIL.org), and a founder of the Special Olympics Marathon (Pakistan).Mr. Lakhani’s passions include spending time with his family, philanthropy, ultra-distance running, technology, reading, and film.ExperienceLakson Investments LimitedFounder and CEOJanuary 2009 - Present (15 years)Lakson GroupCo-OwnerDecember 2004 - Present (19 years 1 month)Century Paper & Board Mills LtdBoard MemberSeptember 2021 - Present (2 years 4 months)OMI HospitalBoard | InvestorOctober 2018 - Present (5 years 3 months)RoomyBoard | InvestorApril 2021 - Present (2 years 9 months)Islamabad | Batakundi, Naran | Minapin, Nagar | Gulmit, HunzaKnowledge PlatformBoard | InvestorApril 2021 - Present (2 years 9 months) Islāmābād, PakistanA leading ed-tech company, providing holistic learning solutions in the form of strategy, content, technology & support.BagalleryBoard | InvestorOctober 2020 - Present (3 years 3 months) Karāchi, Sindh, PakistanBookme.pkBoard | InvestorApril 2019 - Present (4 years 9 months) Lahore, Punjab, PakistanPakistan's leading online ticketing platform.MEDZnMORECo-FounderFebruary 2020 - May 2023 (3 years 4 months)Century Insurance Company LimitedChief Investment OfficerDecember 2004 - January 2007 (2 years 2 months)High StreetInvestment AssociateFebruary 2000 - June 2002 (2 years 5 months)Credit Suisse First BostonResearch AnalystMay 1999 - January 2000 (9 months)EducationBrandeis UniversityMBABentley CollegeBA, FinanceMillfield SchoolRugby SchoolKGS
- Kashif MustafaManaging PartnerKashif MustafaManaging Partner
Kashif Mustafa is a financial professional with over 21 years of remarkable experience in various key roles within leading financial and healthcare institutions. He has been a driving force at Lakson Investments since joining in 2011. He currently serves as the Executive Director and is an integral part of the core team.
Professional Accomplishments:
Throughout his career, Kashif Mustafa has exhibited expertise in Investment & Financial Advisory, Private Equity, Operations and Business Management, Turnaround Management, Family Governance Structuring, Economic Research, and Lead Negotiation/Business Development. His lead role has played a pivotal role in shaping Lakson Investments into a preferred choice for Ultra High Net Worth Individuals (UHNIs) and family offices, particularly in the realm of discretionary investment advisory management. He is the member of the Investment Committees of Public Equities, Private Equity and Venture CapitalHe is widely recognized for his instrumental role in establishing Pakistan's first-ever Private Funds' Regulations in collaboration with regulators. He also led the successful launch of the inaugural Lakson Private Equity Fund and Lakson Venture Capital Fund. He sits on the board of Bookme, Bagallery and OMI Hospital.
Educational Background:
Mr. Mustafa's academic achievements are equally impressive. He holds a Master's degree in Wealth Management from Singapore Management University, earned through a prestigious partnership program with Yale School of Management, USA, and St. Gallen University, Switzerland. His academic pursuits also encompass a second Master's degree in Economics and an undergraduate degree in Mathematics. He is a certified professional from the Institute of Banking & Finance (Advanced), Singapore, and boasts certifications in Alternative Investments from Yale SOM and Preserving Wealth for Generations from St. Gallen, SL. Kashif Mustafa is an alumnus of Wealth Management Institute, Singapore.Media Presence:
Kashif Mustafa's insights and expertise are frequently sought after by the media. He has become a respected voice in discussions covering financial, economic, regulatory, and political issues. - Mustafa O. Pasha, CFAExecutive Director & CIOMustafa O. Pasha, CFAExecutive Director & CIO
Mr. Pasha has over thirteen (13) years of experience in the asset management and investment advisory industry. He completed his undergraduate degree from McGill University (Montreal, Canada) in 2006 with a focus on Economics, History and Political Science and was awarded his CFA charter in 2012.
As Chief Investment Officer at Lakson Investments, he leads the investments process by formulating strategy and asset allocation in collaboration with a team of fund managers and analysts. He is responsible for driving the performance of all assets under management across public markets including mutual funds and managed accounts. As a member of senior management he is actively involved with all facets of the company's business strategy and in developing its long term vision.
Mr. Pasha was previously associated with BMA where he initially served as a fixed income analyst and later became the in-house economist for the entire BMA group. Between 2009 and 2012, he managed fixed income/money market investments across all mutual funds and institutional/HNW accounts advised by BMA. - Hassan Bin NasirHead of Fixed IncomeHassan Bin NasirHead of Fixed Income
Mr. Nasir has over twelve years of experience and currently holds the position of Vice President - Fixed Income at Lakson Investments Limited. He completed his MBA with a concentration in Finance from Bahria University, Pakistan.
At Lakson Investments, he is responsible for managing the fixed income portfolios of mutual funds and separately managed accounts. As a senior member of the team he is actively involved with both the front and back office to drive the company's strategy and vision forward.
He has extensive experience in fixed income investment strategy and trading conventional and Shariah compliant government securities, corporate debt and banking products.
Mr. Nasir has previously been associated with MCB - Arif Habib, Faysal Funds, BMA Funds and GlaxoSmithKline Pakistan Limited in various capacities of portfolio management.
- Talha SiddiquiHead of EquitiesTalha SiddiquiHead of Equities
Mr. Talha A. Siddiqui is a seasoned investment professional with over 10 years of rich experience in the Pakistani Capital Markets. He currently holds a position of Vice President – Head of Equities at Lakson Investments. He has completed his master’s degree in economics from the University of Manchester with focus on Behavioural Economics.
At Lakson Investments, he is responsible for devising investment strategies for Equity Portfolios. This would primarily involve maintaining adequate exposures, managing liquidity requirements and actively pursuing alpha generating strategies for the portfolios.
Previously, Mr. Siddiqui has been associated with AL Habib Asset Management Ltd. where the funds under his management were industry leading in generating significant returns for investors. Furthermore, he has also worked in the capacity of Head of Research at BMA Asset Management Company Ltd.
- Ahsan AliHead of ResearchAhsan AliHead of Research
Mr. Ali has over nine years of experience and presently holds the position of Vice President – Head of Research at Lakson Investments. He completed his MBA and BBA from the Institute of Business Management and is a CFA Charter holder.
At Lakson Investments, he is responsible for overseeing the research function ensuring that all investment research is meticulously conducted to support informed decision making, strategic planning and overall investment strategy at Lakson Investments.
Previously, Mr. Ali has been associated with HBL Asset Management, The Aga Khan University and Optimus Capital Management, where he significantly contributed to research, portfolio management, budgeting, management reporting and preparation of feasibility studies.
- Mirza Jahanzaib BaigComplianceMirza Jahanzaib BaigCompliance
Mirza Jahanzaib Baig is a Compliance Professional with 8 years of experience, including 5 years in regulatory compliance and anti-money laundering (AML) functions, and 3 years in accounts and taxation. Currently, Mirza works with Lakson Investments Limited, where he is responsible for ensuring the company's compliance with regulatory standards and managing compliance risks.
Before joining Lakson Investments, Mirza gained extensive experience at NBP Funds and at Atlas Assets Management Limited, where he worked for a combined 4 years. During his tenure, Mirza developed specialized expertise in both regulatory compliance and AML/CFT compliance.
Mirza's career foundation also includes valuable experience in accounting and taxation, having worked with Alucan Private Limited, a private manufacturing firm, for 3 years. He holds a Master’s degree in commerce from the University of Karachi and is a certified Anti-Money Laundering (AML) professional, further strengthening his proficiency in the field.
With a strong blend of technical knowledge and practical experience, Mirza continues to make substantial contributions to the compliance function at Lakson Investments Limited.
Rating by PACRA
A+
The rating reflects the Fund’s performance emanating from the Fund’s investment policy to invest in short, medium and long-term maturities of fixed income securities, depending on the interest rate trends and prospective returns
Key Fund Details | |
---|---|
Fund Type | Open-End |
Category | Income Fund |
Pricing Mechanism | Forward Day |
Trustee | CDC Pakistan Limited |
Auditor | Yousuf Adil Saleem & Co. |
Management Fee | Upto 1% |
Front End Load | 1.50% |
Back End Load | None |
Launch Date | November 13, 2009 |
Benchmark | Average daily rate of 6M KIBOR |
Dealing Days | Mon-Fir |
Cut-Off Time | 4:00 PM |
Risk Profile | Medium Risk |
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.