Fund Short Name: AHIF Launched on June, 02 2007
AL 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. AHIF 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
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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.
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Exposure to MTS and Spreads shall not exceed 40% of the net assets.
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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.
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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.
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Rating of any security in the portfolio shall not be lower than investment grade.
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Rating of any NBFC and Modaraba with which funds are placed shall not be lower than investment grade
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Rating of any bank and DFI with which funds are placed should not be lower than investment grade.
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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
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No restriction regarding:
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Time to maturity of any single asset in the portfolio.
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Duration of a single security in the portfolio.
Initial & Subsequent Subscription
|
Fund Name |
Initial Subscription |
Subsequent |
|
AL Habib Income Fund (AHIF) |
Rs. 5,000/- |
Rs. 1,000/- |