The investment objective of JS Microfinance Sector Fund is to provide investors a reasonable rate of return while maintaining high liquidity by investing primarily in the Microfinance sector based on the authorized investments.
JSMFSF is an open-end Income Fund which aims to contribute to building a sustainable, robust, and inclusive financial sector in Pakistan. The fund has no lock in period and provides investors with competitive returns, high liquidity and diversified portfolio at a medium risk. The fund aims to provide income enhancement by investing in prime quality Microfinance sector products, Microfinance bank deposits and short-term Money Market instruments.
If you are looking to invest in a sector specific investment option over the medium term, without a minimum holding period, then JSMFSF is the perfect solution for you.
| Term Sheet JS Microfinance Sector Fund (JSMFSF) | |
|---|---|
| Launch Date | 11 May, 2022 |
| Fund Type | Open end Income Fund |
| Currency | PKR |
| Minimum Investment | PKR 500 |
| Asset Manager Rating | AM2+ by PACRA |
| Fund Stability Rating | A(f) by PACRA |
| Pricing Mechanism | Forward |
| Front End Load | Upto 1% of NAV (subject to applicable duties/taxes) |
| Management Fee | Upto 1% of Average Annual Net Assets |
| Risk Profile | Medium |
| Listing | Pakistan Stock Exchange (PSX) |
| Trustee | Digital Custodian Company Limited (DCCL) |
| Auditor | Grant Thornton, Anjum Rahman |
| Benchmark | Six (6) months KIBOR Rate |
Created By: 
