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.

Returns as at August 31, 2017


 
6 Months
CY17 - YTD
FY17 - YTD
LMMF
6.06%
7.45%
5.34%
Benchmark
5.33%
5.35%
5.25%

 

Month-End Total Returns3


 
Aug-17
Jul-17
Jun-17
LMMF
5.16%
5.52%
9.94%
Benchmark
5.26%
5.29%
5.29%

 

Investment Commitee

Babar Ali Lakhani Chairman
Kashif Mustafa
Mustafa O. Pasha, CFA
Saifullah Kazmi
Junaid Arshad
Tayyaba Azeem
Hassan Bin Nasir

 

Rating by PACRA

 

AA  


PACRA has maintained the stability rating of the Lakson Money Market Fund (LMMF) at 'AA (f)' (Double A - fund rating), an open-end money market fund. The fund's rating denotes a very strong capacity to manage relative stability in returns and very low exposure to risks.

Press Release

Key Fund Details
Fund Type Open-End
Category Money Market Fund
Net Assets3
(PKR Mil.)
4,789
NAV (
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01/01/1970)1
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Pricing Mechanism Previous Day
Trustee CDC Pakistan Limited
Auditor BDO Ebrahim & Co.
Management-Fee 10% of gross Earnings subject to a minimum of 0.50% and maximum of 1% of the average annual net assets
Front End Load None
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 04:00 PM
Fund Rating 'AA' by PACRA (12.07.2017
Risk Profile Low Risk
Asset Manager Rating AM2+ by PACRA (15.05.2017)



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