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Overview

PRIMUS Daily Reserve Fund is an open ended money market fund with the primary objective of optimizing savings and creating awareness in individuals / SMEs & corporate sector etc for meeting any unexpected costs that may arise in the future, by providing them with high returns that constitutes low risk, and to maximize current income consistent with preservation of capital and liquidity.

Fund Objective

The objective of the fund is to generate consistent returns with minimal risk by investing primarily in Government Securities, cash and near cash instruments

Fund Strategy

PIML Daily Reserve Fund optimizes investment returns by investing in government securities, cash and near cash instruments minimizing risks.

Why Invest in this Fund

  • PIML Daily Reserve Fund has a low management fee of just 0.45%.
  • Capital Stability as in PIML DRF your money is invested in a portfolio consisting of the best quality Money Market Instruments.
  • Active Fund Management: Your Portfolio is managed on day to day basis which results in better returns compared to other deposit instruments available in market.
  • Investments can be made with as low as Rs. 1000.
  • Encasement at any time without any penalty.
  • Professional expertise and management.
  • PIML-DRF can be used as an instrument of choice for higher net of tax earnings.
  • Flexible annual profit payout plan (monthly, quarterly, semi-annually & annually).
  • Low credit risk.
  • Avail Tax Credit as per Section 62 of Income Tax Ordinance 2001.

Portfolio

Daily-Reserve-Fund

Performance

pdrf-performance

Downloads

BrochureOffering DocumentTrust DeedFinancials

Fund Details

Fund TypeOpen End
CategoryMoney Market
Fund Stability RatingAA(f) by PACRA (13th Dec 2016)
Benchmark50% 3 months PKRV + 50% 3 months average
deposit rate of AA & above rated Banks
Management Co. RatingAM3+ by JCR-VIS (04 May 2016)
Inception Date1st January 2013
Dealing DaysDaily
(days when Banks are open for business)
Cut-off Time4.00 pm
Pricing MechanismForward
Management Fee Load0.45%
Load0% (Front-end) 0% (Back-end)
Risk ProfileLow Risk
ListingPakistan Stock Exchange
LeverageNil
TrusteeCentral Depository Company of
Pakistan Ltd.
AuditorM.Yousuf Adil Saleem & Co.
‘Chartered Accountants’
Legal AdvisorMohsin Tayebaly & Co
Minimum InvestmentPKR. 1,000
Fund ManagerKhawar Salman

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