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| Home > About
the Funds > Atlas
Income Fund > Introduction |
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Atlas Income Fund (AIF) is an
open-end fund established by
a Trust Deed dated
February 20, 2003 between Atlas Asset Management Limited (AAML), as
the management company and Muslim Commercial Financial Services (Private)
Limited (MCFS), a wholly owned subsidiary of Muslim Commercial Bank
Limited as the Trustee.
With effect from June 11, 2005, with the signing of the Deed of Change
of Trustee and First Supplemental Trust Deed dated June 11, 2005,
Central Depository Company of Pakistan Limited, (CDC), has been appointed
as the Trustee in place of the retiring Trustee Muslim Commercial
Financial Services (Pvt.) Limited (MCFSL) . The retirement of MCFSL
and the appointment of CDC has been approved by the Securities and
Exchange Commission of Pakistan vide its letter
nos. NBFC-II/JD-II/AIF/308 and NBFC-II/JD-II/MCFSL/348
dated
April 20, 2005 and May 5, 2005 respectively.
AIF was opened for public subscription from March 22, 2004 on a continuous
basis with an initial seed capital of Rs. 300 million and is listed
on the Lahore Stock Exchange (LSE). |
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| SALIENT FEATURES |
| Par value of units |
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Rs 500 |
| Sales load |
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Front end load, 1% of Net Asset Value (NAV) |
| Method of pricing |
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Daily – based on NAV of the same working day |
| Income distribution |
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Yearly in the form of dividend and / or bonus units |
| Dealing days |
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Monday to Saturday (during office hours) |
| Rating (by PACRA) Normal and Long Term |
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4 Star and 5 Star |
| Minimum Subscription |
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Rs. 5,000/- |
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