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Pakistan Cash Management Fund (PCF)

Investment Objective

The Fund aims to deliver regular income and provide high level of liquidity primarily from short duration government securities investments.

Fund Profile

Pakistan Cash Management Fund (PCF) is an open end Fund, which invests in government securities, mainly Treasury Bills and short maturity reverse repurchase transactions against Government Securities. The un-invested funds are kept in deposits with minimum AA-rated commercial banks. The overall maturity of the portfolio is kept below 90 days, in order to keep interest rate risk at a relatively low and manageable level and provide high liquidity to investors comparable to current bank deposits. PCF is a long only Fund.

Quick Facts

Launch Date 20th March 2008
Fund Type An Open End Scheme
Currency PKR
Minimum Investment 500 /-
Fund Manager Saad Ahmed
Asset Manager Rating AM1 (AM One) by PACRA (06-Oct-2020)
Pricing Mechanism Backward
Listing Pakistan Stock Exchange
Trustee MCB Financial Services Limited
Auditor Ernst & Young Ford Rhodes Sidat Hyder &Co., Chartered Accountants
Benchmark 70% three (3) months PKRV rates plus 30% three (3) months average deposit rates of three (3) AA rated scheduled Banks as selected by MUFAP.

5 years performance

Year Fund (%) Benchmark (%)
2019 7.48 8.72
2018 4.67 5.35
2017 8.34 6.07
2016 5.88 6.75
2015 8.86 9.83