The Fund aims to seek reasonable rate of return while maintaining high liquidity by investing primarily in low risk short-term instruments including money market instruments.
JSCF is an open-end Money Market Fund which maintains a portfolio of low risk Money Market instruments. The Fund offers competitive returns versus prevailing Bank deposit rates, along with the flexibility to put in or take out your money at your convenience. JSCF is an ideal solution for short-term savings.
If you are looking for secure and stable returns, with very low risk, and flexibility to access your money at any time, then JSCF is an ideal option for you.
|Term Sheet JS Cash Fund (JSCF)|
|Launch Date||29 March, 2010|
|Fund Type||Open end Money Market Fund|
|Minimum Investment||1 Unit|
|Asset Manager Rating||AM2+ by PACRA|
|Fund Stability Rating||AA+(f) by PACRA|
|Front End Load||1%|
|Management Fee||Up to 1% of Average Annual Net Assets|
|Listing||Pakistan Stock Exchange|
|Trustee||Digital Custodian Company Limited|
|Auditor||A. F. Ferguson & Co.|
|Benchmark||70% three months PKRV rates + 30% three (3) months average deposit rates of three (3) –AA rated scheduled Banks selected by MUFAP|