AWT Money Market Fund
Overview
AWT Money Market Fund focus on providing investors with a steady stream of Government securities and shorter tenure investments. The fund invest in short term Government securities, debt instruments and deposits with banks.
Fund Objective
The objective of AWT Money Market Fund, an open-end Money Market Scheme, is to generate competitive returns by investing in short term Government Securities and debt instruments as approved by SECP from time to time.
| Fund Details | |
| Fund Type | Open End |
| Category | Money Market scheme |
| Inception Date | 12th April 2016 |
| Pricing Mechanism | Forward |
| Benchmark | 70% 3 month PKRV rates plus 30% 3 month average deposit rate of three AA rated schedule bank as selected by MUFAP. |
| Management Co. Rating | AM3++ by PACRA (4th Aug 2023) |
| Fund Stability Rating | AA+(f)by PACRA (13-Oct-23) |
| Management Fee | 0.2% to 1% within allowed limit of expense ratio. |
| Load | 0% (Front-end) 0% (Back-end) |
| Risk Profile | Low |
| Listing | Pakistan Stock Exchange |
| Trustee | Central Depository Company of Pakistan Ltd |
| Auditor | Yousaf Adil (Chartered Accountant) |
| Legal Advisor | Rizwan Faiz Associates |
| Fund Manager | Wahaj Ahmed |
| Minimum Investment | PKR. 1000 |
