JS Momentum Factor ETF (-) | JSETF: - INAV
The objective of the Fund is to meet liquidity needs of the investors by providing periodic dividend through investment in Shariah Compliant money market instruments
JS Islamic Money Market Fund (JSIMMF) is an Open-ended Shariah Compliant Money Market Scheme which primarily invests in Shariah Compliant Authorized Investments.
If you are looking for a Shariah Compliant secure and stable returns, with low risk, and flexibility to access your money at anytime, then JSIMMF is an ideal option for you.
| Term Sheet JS Islamic Money Market Fund (JSIMMF) | |
|---|---|
| Launch Date | 03 September, 2020 |
| Fund Type | Open End Shariah Complaint Money Market Scheme |
| Currency | PKR |
| Minimum Investment | 500 |
| Asset Manager Rating | AM1 by PACRA |
| Fund Stability Rating | AA(f) by PACRA |
| Pricing Mechanism | Backward |
| Front End Load | 1% |
| Management Fee | Up to 1.25% of Average Annual Net Assets |
| Risk Profile | Low |
| Shariah Advisor | Al-Hilal Shariah Advisors |
| Trustee | Digital Custodian Company Limited |
| Auditor | A. F. Ferguson & Co. |
| Benchmark | 90% three (3) months PKISRV rates + 10% three (3) months average of the highest rates on savings account of three (3) “AA” rated scheduled Islamic Banks or Islamic Windows of Conventional Banks as selected by MUFAP. |
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