• HABIB ASSET MANAGEMENT LIMITED

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First Habib Income Fund

Fund Short Name: FHIF Launched on June, 02 2007

First Habib Income Fund is an open-ended Income Fund having an objective of providing returns from a portfolio of medium risk short to long duration assets. FHIF invests in Treasury Bills, TFCs, Margin Financing, Spread Transactions, and other Money Market Instruments as approved by SECP from time to time.

Investment Avenues & Restrictions

As per SECP's Circular No: 07 of 2009 dated March 06, 2009

Income Scheme

  1. Investment avenues - government securities, cash in bank account, money market placements, deposits, certificate of deposits (COD), certificate of musharakas (COM), TDRs, commercial paper, reverse repo, TFC/Sukuk, MTS, spread transactions.
  2. Exposure to MTS and Spreads shall not exceed 40% of the net assets.
  3. At least 25% of the net assets shall be invested in cash and near cash instruments which include cash in bank account (excluding TDRs), treasury bills not exceeding 90 days maturity.
  4. Not more than 15% of the net assets shall be invested in non traded securities including reverse repos, bank deposits, certificates of investments (COI), certificate of musharakas (COM) and anyhing over 6 months maturity which is not a marketable security.
  5. Rating of any security in the portfolio shall not be lower than investment grade.
  6. Rating of any NBFC and Modaraba with which funds are placed shall not be lower than investment grade
  7. Rating of any bank and DFI with which funds are placed should not be lower than investment grade.
  8. Weighted average time to maturity of the net assets shall not exceed 4 years and this condition shall not apply to securities issued by the Federal Government; and
  9. No restriction regarding:
  • Time to maturity of any single asset in the portfolio.
  • Duration of a single security in the portfolio.

Trustee

Central Depository Company of Pakistan Limited

CDC House,
99-B, Block 'B' , S.M.C.H.S, Main Shahra-e-Faisal
Karachi-74400
Tel: (021) 111-111-500, 4326012
Help Desk: (021) 0800-CDCPL (23275)
Fax: (021) 4326005
Website : www.cdcpakistan.com.pk
Email : info@cdcpak.com

Registrar

JWAFFS REGISTRAR SERVICES (PVT.) LTD.

Kashif Centre,Room No 505, 5th Floor,
near Hotel Mehran, Shahrah-e-Faisal,
Karachi (Pakistan)
Tel: 35643871-72,
Fax: (92-21) 35643873
E-mail: jwaffs@live.com

Auditors

Ernst & Young Ford Rhodes Sidat Hyder
Chartered Accountants
Progressive Plaza,
Beaumont Road, Karachi.
Website : www.ey.com/pakistan
Email : frsh.khi@pk.ey.com

Initial & Subsequent Subscription

Fund Name Initial Subscription Subsequent
First Habib Income Fund Rs. 1000/- Rs. 100/-

 

ANNOUNCEMENTS:

Announcement of interim Distribution for the year ending June 30, 2017 of First Habib Income Fund  CLICK THIS TO READ -----------------

Online Services are available at HAML WEB PORTAL -----------------

Fund Manager's Reports are available at FMR -----------------

Please find the Distribution history at DISTRIBUTION