Atlas Money Market Fund

Atlas Money Market Fund (AMF) was established by a Trust Deed dated December 4, 2009, between Atlas Asset Management Limited, as Management Company and Central Depository Company of Pakistan Limited (CDC), as Trustee.

To provide its unit holders competitive returns from a portfolio of low risk, short duration assets while maintaining high liquidity.

The Fund invests in short term money market instruments with a maximum time to maturity of six months. This is intended to reduce risk while maintaining liquidity. The Fund’s investment strategy is based on fundamental credit analysis of counterparties. The Fund primarily invests in short term government securities/bank deposits and other short term money market instruments.

Fund Launch Date : January 21, 2010
Type : Open-ended
Category : Money Market
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 : Current level of Management Fee is 0.45% of Average Annual Net Assets
Expense Ratio Limit : Upto 2% (including Management Fee) of Average Annual Net Assets
Fund Risk Profile : Low
Rating : AA+(f) (PACRA) (As on 17-Oct-2019)
Listing : Pakistan Stock Exchange
Trustee : Central Depository Company of Pakistan Limited (CDC)
Registrar : ITMinds Limited: 99-B, Block “B”, S.M.C.H.S., Shahrah-e-Faisal, Karachi.
Auditor : EY Ford Rhodes
Financial Year Ending : June 30
Minimum Investment : Rs. 5,000/-
Benchmark : 70% three months PKRV rates and 30% three (3) months average deposit rate of three (3) “AA” rated scheduled banks as selected by MUFAP

Atlas Money 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)

Atlas Sovereign Fund

Atlas Sovereign Fund (ASF) was established by a Trust Deed dated August 19, 2014, between Atlas Asset Management Limited, as Management Company and Central Depository Company of Pakistan Limited (CDC), as Trustee.

The objective of Atlas Sovereign Fund is to generate competitive returns by investing in Government Securities and Debt Instruments.

The Fund will invest in corporate debt instruments and Government securities. In selecting portfolio securities, ASF will, consider individual credit risks, but it may be understood that market value of even high quality fixed-rate securities will fluctuate with change in interest rate levels. The percent of the assets in various types of securities will vary in the light of investment objective, prevailing market conditions and exposure limits. At least 70% of the Net Assets shall be invested in Government Securities based on monthly average basis calculated at the end of each month.

Fund Launch Date : December 01, 2014
Type : Open-ended
Category : Income
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* : Current level of Management Fee is 10% of the Gross Earnings subject to a minimum fee of 0.45% of average daily Net Assets and maximum fee of 0.80% of Average Annual Net Assets.
Expense Ratio Limit : Upto 2.5% (including Management Fee) of Average Annual Net Assets
Fund Risk Profile : Medium
Rating : AA-(f) (PACRA)(As on 17-Oct-2019)
Listing : Pakistan Stock Exchange
Trustee : Central Depository Company of Pakistan Limited (CDC)
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 : Average 6 Months PKRV rates

*Revised management fee of the fund will be 10% of the Gross Earnings subject to a minimum fee of 0.60% of average daily Net Assets and maximum fee of 1.0% of average Annual Net Asset w.e.f 10th February, 2020.

Atlas Sovereign 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)

Atlas Income Fund

Atlas Income Fund (AIF) was established by a Trust Deed dated February 20, 2003 between Atlas Asset Management Limited (AAML), as Management Company and Muslim Commercial Financial Services (Private) Limited (MCFSL)-a wholly owned subsidiary of MCB Bank as 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 Trustee in place of the retiring Trustee (MCFSL).

To provide its unit holders a good rate of current income consistent with reasonable concern for safety of principal, liquidity and the facility to join or leave the fund at their convenience.

The Fund invests mainly in high quality fixed income securities. In selecting debt instruments and government securities, the Fund considers individual credit market risks, with the understanding that market value of even high quality fixed rate securities can fluctuate with change in interest rate levels. The Fund may also invest in Margin Trading System (MTS) and Spread Transactions (Ready Futures). The asset allocation depends on prevailing market conditions and exposure limits.

Fund Launch Date : March 22, 2004
Type : Open-ended
Category : Income
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 : Current level of Management Fee is 1.0% of Average Annual Net Assets
Expense Ratio Limit : Upto 2.5% (including Management Fee) of Average Annual Net Assets
Fund Risk Profile : Medium
Rating : AA-(f) PACRA (As on 17-Oct-2019)
Listing : Pakistan Stock Exchange
Trustee : Central Depository Company of Pakistan Limited (CDC)
Registrar : ITMinds Limited: 99-B, Block “B”, S.M.C.H.S., Shahrah-e-Faisal, Karachi.
Auditor : EY Ford Rhodes
Financial Year Ending : June 30
Minimum Investment : Rs. 5,000/-
Benchmark : Average 6 Months KIBOR (Ask)

Atlas Income 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)

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 : Upto 2.0% (online upto 1.5%)
Pricing Mechanism : Forward Pricing
Management Fee : Current level of Management Fee is 2.4% of Average Annual Net Assets
Expense Ratio Limit* : Upto 4.5% (Including Management Fee) of Average Annual Net Assets
Fund Risk Profile : High
Listing : Pakistan Stock Exchange
Trustee : Central Depository Company of Pakistan Limited (CDC)
Registrar : ITMinds Limited: 99-B, Block “B”, S.M.C.H.S., Shahrah-e-Faisal, Karachi.
Auditor : EY Ford Rhodes
Financial Year Ending : June 30
Minimum Investment : Rs. 5,000/-
Benchmark : KSE-100 Index

*“Expense ratio” means the ratio of the sum of all expenses, excluding any Government levies on Funds such as Sales Tax or SECP fee etc. charged to average daily net assets of the Fund.

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)