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Overview

PIML Income Fund focus on providing investors with a steady stream of fixed income. The fund invest in short term and long term debt instruments like Term Finance Certificates (TFCs) which are issued by corporations and government securities such as Treasury Bills and Pakistan Investment Bonds (PIBs). PIML Income fund also maintains on monthly average at least 25% of its net assets in cash and/or near cash instruments to meet liquidity requirements.

Fund Objective

The objective of PIML – Income Fund (formerly AWTIL Cash Fund) is to generate competitive returns by investing in short to long term debt instruments and securities.

Past Performance


 

 

 

 

 

 

 

 

 

 

Fund Details

Fund TypeOpen End
CategoryIncome Scheme
Inception Date9th August 2012
Pricing MechanismForward
BenchmarkAverage of 6M KIBOR rates for the period under review.
Management Co. RatingAM3+ by JCR-VIS (15 Dec 2016)
Fund Stability RatingA+(f) by PACRA (14th July 2017)
Management Fee1%
Load1% (Front-end) 0% (Back-end)
Risk ProfileLow to Moderate Risk
ListingPakistan Stock Exchange
TrusteeCentral Depository Company
of Pakistan Ltd.
AuditorKPMG Taseer Hadi & Co
Legal AdvisorMohsin Tayebaly & Co.
Fund ManagerKhawar Salman
Minimum InvestmentPKR. 100

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