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|
|Minimum Investment||PKR 500|
|Asset Manager Rating||AM2+ by PACRA|
|Fund Stability Rating||A(f) by PACRA|
|Front End Load||Upto 1% of NAV (subject to applicable duties/taxes)|
|Management Fee||Upto 1% of Average Annual Net Assets|
|Listing||Pakistan Stock Exchange (PSX)|
|Trustee||Digital Custodian Company Limited (DCCL)|
|Auditor||Grant Thornton Anjum Rehman & Co.|
|Benchmark||Six (6) months KIBOR Rate|