Atlas Money Market Fund
Atlas Money Market Fund (AMF) was established by a Trust Deed dated December 4, 2009, between Atlas Asset Management Limited, as Management Company and Central Depository Company of Pakistan Limited (CDC), as Trustee.
To provide its unit holders competitive returns from a portfolio of low risk, short duration assets while maintaining high liquidity.
The Fund invests in short term money market instruments with a maximum time to maturity of six months. This is intended to reduce risk while maintaining liquidity. The Fund’s investment strategy is based on fundamental credit analysis of counterparties. The Fund primarily invests in short term government securities/bank deposits and other short term money market instruments.
| Fund Launch Date | : | January 21, 2010 |
| Type | : | Open-ended |
| Category | : | Money Market |
| Dealing Days | : | Monday to Friday |
| Cut Off Timings | : | 9:00 a.m. to 4:00 p.m. |
| Front End Load | : | Nil |
| Pricing Mechanism | : | Forward Pricing |
| Management Fee | : |
Up to 1.00% Actual Rate of Management Fee will be disclosed in Monthly FMR |
| Expense Ratio Limit | : | Upto 2% (including Management Fee) of Average Annual Net Assets |
| Fund Risk Profile | : | Low |
| Rating | : | AA+(f) PACRA (As on 18-October-2024) |
| Listing | : | Pakistan Stock Exchange |
| Trustee | : | Central Depository Company of Pakistan Limited (CDC) |
| Registrar | : | ITMinds Limited: 99-B, Block “B”, S.M.C.H.S., Shahrah-e-Faisal, Karachi. |
| Auditor | : | A. F. Ferguson & Co. |
| Financial Year Ending | : | June 30 |
| Minimum Investment | : | Rs. 5,000/- |
| Benchmark | : | 70% three months PKRV rates and 30% three (3) months average deposit rate of three (3) “AA” rated scheduled banks as selected by MUFAP |
Atlas Money Market Fund is a conventional avenue of investment in mutual funds suitable for individuals, corporate clients and retirement schemes ranging from a short to long term investment.
- Competitive returns
- Online access to individual accounts
- Professional Fund Management Expertise
- Required minimum investment as low as Rs. 5,000
- Easy withdrawal of money
- No minimum holding period
- Risk Diversification
- Exemption from Zakat (on submission of Affidavit)
