Atlas Stock Market Fund
Atlas Stock Market Fund (ASMF) was established by a Trust Deed dated May 29, 2004 between Atlas Asset Management Limited (AAML), as Management Company and Central Depository Company of Pakistan Limited (CDC), as Trustee.
To provide its unit holders a good rate of current income consistent with the prospect of appreciation in the value of amount invested, liquidity and the facility to join or leave the fund at their convenience.
The Fund invests mainly in high quality listed equity securities. At least 70% of net assets is invested in listed equity securities during the year based on quarterly average investment calculated on daily basis. In selecting equity securities, the Fund considers the reputation of the management, liquidity, profitability, dividend record and prospects of earning growth. The remaining net assets are invested in cash and / or near cash instruments which include cash in bank accounts (excluding TDRs) and treasury bills not exceeding 90 days maturity. The asset allocation in each instrument will depend on prevailing market conditions.
| Fund Launch Date | : | November 23, 2004 |
| Type | : | Open-ended |
| Category | : | Equity |
| Dealing Days | : | Monday to Friday |
| Cut Off Timings | : | 9:00 a.m. to 4:00 p.m. |
| Front End Load | : | Nil |
| Pricing Mechanism | : | Forward Pricing |
| Management Fee | : |
Upto 3.00% Actual Rate of Management Fee will be disclosed in Monthly FMR |
| Fund Risk Profile | : | High |
| Listing | : | Pakistan Stock Exchange |
| Duration | : | Perpetual |
| Trustee | : |
Central Depository Company of Pakistan Limited (CDC) House 99-B, Block B, CDC Main Shahra-e-Faisal, Sindhi Muslim Cooperative Housing Society (SMCHS), Karachi, 74400 |
| Registrar | : | ITMinds Limited: 99-B, Block “B”, S.M.C.H.S., Shahrah-e-Faisal, Karachi. |
| Auditor | : | A. F. Ferguson & Co. |
| Financial Year Ending | : | June 30 |
| Minimum Investment | : | Rs. 5,000/- |
| Benchmark | : | KSE-100 Index |
| Total Expense Ratio (TER) | : | Investors are advised to consult the Fund Manager Report (FMR) of the respective CIS for the latest information pertaining to the updated TER. |
| Applicable Taxes | : | Income earned in the form of dividend or capital gain shall be charged at a rate as specified in Income Tax Ordinance 2001. |
| Disclaimer | : | Before you invest, you are encouraged to review the detailed features of the Fund in the offering document and/ or Monthly Fund Manager Report. |
| Asset Management Company | : |
Atlas Asset Management Limited, Ground Floor, Federation House, Sharae Firdousi, Clifton, Karachi-75600. Telephone # (92-21) 35379501-4 |
Atlas Stock Market Fund is a conventional avenue of investment in mutual funds suitable for individuals, corporate clients and retirement schemes ranging from a short to long term investment.
- Competitive returns
- Online access to individual accounts
- Professional Fund Management Expertise
- Required minimum investment as low as Rs. 5,000
- Easy withdrawal of money
- No minimum holding period
- Risk Diversification
- Exemption from Zakat (on submission of Affidavit)
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Account Title : CDC TRUSTEE ATLAS STOCK MARKET FUND
IBAN : PK21ALFH0012001003289256
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