ABL Money Market Plan-I (ABL MMP-I) is launched under “ABL Money Market Fund”. ABL MMP-I aims to provide you stable returns by investing in high quality short term instruments.
The objective of ABL Money Market Plan - I is to provide competitive returns to its investors by investing in very low risk, highly liquid and short duration portfolio consisting of bank deposits and money market instruments.
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Plan Name
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ABL Money Market Plan – I
(managed under ABL Islamic Money Market Fund)
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|---|---|
| Scheme type | Open-End Money Market Scheme |
| Date of Inception | 8th September 2023 |
| Objective of the scheme | The objective of the Plan is to provide competitive returns to its investors by investing in very low risk, highly liquid and short duration portfolio consisting of bank deposits and money market instruments. |
| Benchmark | 70% three (3) months PKRV rates + 30% three (3) months average deposit rate of three (3) AA rated scheduled banks as selected by MUFAP. |
| Minimum Investment Amount | Initial Rs.5,000/- (subsequent investment 1,000/-) |
| Lock-In Period | None |
| Management Fee | Upto 2% p.a |
| Entry Load | Upto 2% |
| Exit Load | None |
| Profit Distribution | Annual (June) |
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Moderate
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| Scheme Name | ABL Cash Fund |
|---|---|
| Scheme type | Open End Money Market Scheme |
| Date of Inception | July 31, 2010 |
| Fund Size | PKR 81,042 Mn. as at October 31st 2024 |
| Objective of the scheme | The objective of ABL-CF is to provide investors, consistent returns with a high level of liquidity, through a blend of money market and sovereign debt instruments. |
| Benchmark | 70%-Avg of 3M PKRV rates + 30% 3M Avg Deposit Rate of 3 AA rated banks |
| Minimum Investment Amount | Initial Rs.5,000 (Subsequent Rs. 1,000) |
| Lock-In Period | None |
| Management Fee | 0.25% to 0.50% of Net Asset p.a. |
| Entry Load | Upto 0.75% |
| Exit Load | None |
| Systematic Investment Plan Facility | Yes |
| FY 24 | FY 23 | FY 22 | FY 21 | FY 20 | FY 19 | FY 18 | FY 17 | FY 16 | FY 15 | |
|---|---|---|---|---|---|---|---|---|---|---|
| ABL Cash Fund Returns | 22.26% | 16.50% | 10.31% | 6.91% | 12.61% | 9.02% | 5.41% | 5.41% | 5.78% | 9.37% |
| Benchmark Returns | 20.9% | 16.98% | 9.27% | 6.71% | 11.62% | 8.71% | 5.35% | 4.96% | 3.81% | 6.06% |
