The objective of PIML – Income Fund (formerly Primus Cash Fund) is to generate competitive returns by investing in short to long term debt instruments and securities.
PIML Income Fund optimizes investment returns by investing in short to long term fixed income instruments with primary focus on government issued securities like T-Bills and PIBs resulting in low risk.
|Fund Type||Open End|
|Fund Stability Rating||A+(f) by PACRA (21st Dec 2016)|
|Benchmark||70% 6 month Kibor& 30% average of
6 month deposit rate of 3 banks
rated AA- and above
|Management Co. Rating||AM3+ by JCR-VIS (04 May 2016)|
|Inception Date||9th August 2012|
(days when Banks are open for business)
|Cut-off Time||5.00 pm|
|Management Fee Load||1.00%|
|Load||1% (Front-end) 0% (Back-end)|
|Risk Profile||Low to Moderate Risk|
|Listing||Pakistan Stock Exchange|
|Trustee||Central Depository Company
of Pakistan Ltd.
|Auditor||M.Yousuf Adil Saleem &
Co. ‘Chartered Accountants’
|Legal Advisor||Mohsin Tayebaly & Co.|
|Minimum Investment||PKR. 1,000|
|Fund Manager||Khawar Salman|