Lakson Money Market Fund

Investment Objective

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.

Performance Summary

Investment Committee

Rating by PACRA


AA+

The rating incorporates the placement of the fund’s assets in highly liquid assets and secure investment avenues having limited exposure to market risk. The rating reflects the fund’s strong credit quality, robust liquidity and low exposure to interest rate volatility.

Key Fund Details 
Fund Type Open-End
Category Money Market Fund
Pricing Mechanism Previous Day
Trustee CDC Pakistan Limited
Auditor Yousuf Adil Chartered Accountant
Management Fee Upto 1%
Front End Load 1%
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
Risk Profile Low 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.