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Income/Money Market Funds

Meezan CashFund

Meezan Cash Fund

Investment Objective

Meezan Cash Fund’s objective is to seek maximum possible preservation of capital and a reasonable rate of return via investing primarily in liquid Shariah compliant money market and debt securities.

Investment Strategy

The Fund shall primarily invests in Shariah Compliant Authorized Investments. It shall be subject to such exposure limits as are specified in the Rules, the Regulations and directives issued by SECP from time to time.

Benefits at a Glance

  • Maximum preservation of principal investment resulting in lower risk
  • Professional Management of your savings by experienced fund managers with a proven track record
  • Under the supervision of a reputable Shariah Advisor; Dr. Imran Ashraf Usmani

Choose this Fund If You Are Seeking

  • Parking avenue for short-term funds
  • Stable and Halal returns avoiding volatility of both long-term fixed income securities and stock markets

Fund Facts

Fund Type

Open End

Fund Category

Money Market

Launch Date

15th Jun, 2009

Fund Size

31.54 Bn

as on January 31st, 2024

Benchmark

3 Months

average deposit rates of 3 AA rated Islamic Banks

Risk Profile

Low

Unit Types

A, B and C

Management Fee

Up to 0.6% p.a. (min 0.10%)

Actual Rate of Management Fee

0.70%

of net assets

Front End Load

Nil

Bank End Load

0.1%

if redemption within 3 days

Trustee

CDC

Central Depository Company Pakistan Limited

Listing

PSX

Pakistan Stock Exchange

Fund Manager

Faizan Saleem

Asset Manager Rating

AM1

by VIS & PACRA
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Fund Performance

FY23 FY22 FY21 FY20 FY19 FY18 FY17 FY16 FY15
MCF 16.11% 9.00% 5.81% 10.95% 7.84% 4.27% 6.07% 4.59% 7.46%
Benchmark 6.23% 3.68% 3.41% 5.37% 3.37% 2.58% 2.90% 4.49% 6.24%