Atlas Punjab Pension Fund

Atlas Punjab Pension Fund

Fund Description

Atlas Punjab Pension Fund was established by a Trust Deed, dated October 17, 2025, between Atlas Asset Management Limited as the Pension Fund Manager and Central Depository Company of Pakistan Limited as the Trustee.

Investment Objective and Strategy

The Investment objective of Atlas Punjab Pension Fund is to provide a secure source of savings and regular income after retirement to the Employee(s). The Atlas Punjab Pension Fund will consist of four (4) Sub-Funds as below and their investment objectives are as follows: a. Atlas Punjab Pension Fund–Equity Active Sub Fund (the Equity Sub Fund): To earn returns from investments in Pakistani Capital Markets. b. Atlas Punjab Pension Fund - Debt Sub Fund (the Debt Sub Fund): To earn returns from investments in debt markets of Pakistan, thus incurring a relatively lower risk than equity investments. c. Atlas Punjab Pension Fund - Money Market Sub Fund (the Money Market Sub Fund): To earn returns from investments in Money Markets of Pakistan, thus incurring a relatively lower risk than debt investments. d. Atlas Punjab Pension Fund - Equity Index Sub Fund (the Equity Index Sub Fund): To provide investors an opportunity to track closely the performance of the KSE-100 by investing in companies of the Index in proportion to their weightages.

Fund Facts

Fund Launch Date : November 21, 2025
Front-End Sales Load : Nil
Tax Credit : Tax Credit will be available to Employee(s) on contributions during any Tax Year subject to the limits prescribed under Income Tax Ordinance 2001.
Trustee : Central Depository Company of Pakistan Limited (CDC)
Auditor : Shinewing Hameed Chaudhari& Co
Registrar : ITMinds Limited.
Minimum Contribution : No limit
Contribution Frequency : Eligible persons or the Employer on their behalf are allowed to contribute in lump sum or in instalments.

Benchmark

Money Market Sub Fund
90% three (3) months PKRV rates+ 10% three (3) months average of the highest rates on savings account of three (3) AA rated scheduled Banks as selected by MUFAP.
Debt Sub Fund
75% Twelve (12) months PKRV + 25% six (6) months average of the highest rates on saving account of three (3) AA rated schedule banks as selected by MUFAP.
Equity Active Sub Fund
KSE – 100 Index (Total return index)
Equity Index Sub Fund
Return of the index being tracked by the PFM (Total return based).

Expense Ratio Limit

Pension Fund Manager shall be entitled to an accrued management fee within the limits of Total Expense Ratio as described below:
Total Asset Under Management (AUM) with a single Pension Fund Manager Relating to GoPb employees Maximum Total Expense Ratio excluding Insurance charges and government taxes and levies (as % of average daily net assets) Insurance charges (as % of average daily net assets)
Money Market Sub-Fund Debt Sub-Fund Equity Index Sub-Fund Equity Active Sub-Fund
Upto PKR 10 billion 0.75% 0.75% 1.00% 1.75% To be charged on actual basis to the Participants accounts as per the limits and pricing mutually decided by the Punjab Govt. and PFM
Greater than PKR 10 billion upto PKR 20 billion 0.70% 0.70% 0.95% 1.70%
Greater than PKR 20 billion upto PKR 30 billion 0.60% 0.60% 0.85% 1.60%
Greater than PKR 30 billion 0.50% 0.50% 0.75% 1.50%

Benefits / Withdrawal on Retirement

At the date of retirement of the Employee(s) all the units of the sub funds in the Employee(s) Individual Pension Account shall be redeemed at the net asset value notified at close of the day of retirement and the amount due shall be credited to Employee(s) Individual Pension Account in the lower volatility scheme where no option is selected by the Employee(s) offered by the Pension Fund Manager. The Employee(s) shall then have the following options, namely:

(a). withdraw up to 25% of the accumulated balance or such amount from his Individual Pension Account as specified in the Punjab Defined Contribution Pension Scheme Rules, 2025; and
(b). to use the remaining amount to purchase an annuity from Insurance Company or Pension Fund Manager, of his choice; or
(c). To enter into an agreement with the Pension Fund Manager to withdraw from the remaining amount in monthly installments following the date of retirement according to an income payment plan approved by the Commission with a minimum tenure of at least 20 years or till his death, whichever is earlier.