MICF
Mahaana Islamic Cash Fund
NAV
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Risk / Reward Scale
Low Risk
1
Low
High
Asset Class
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MTD
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Management Style
Active
Expense Ratio
-
-
Overview
Key Facts
Net Assets
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Launch Date
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Fund Category
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Benchmark
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Fund Auditors
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Custodian
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Shariah Advisors
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Fund Stability Rating
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Fund Manager
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Management Fee
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Total Expense Ratio (without govt. levy)
-
Weighted Average Time to Maturity (Days)
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Product Summary
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Investment Objective
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Performance
Sectors
MTD
YTD
90D
1Y
Since inception
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-
-
-
-
Portfolio
Asset Allocation
Item
Current month
Previous month
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-
-
-
Credit Quality
Sectors
%
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FERTILIZER
19.30%
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OIL & GAS EXPLORATION COMPANIES
18.31%
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CEMENT
14.30%
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POWER GENERATION & DISTRIBUTION
11.66%
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COMMERCIAL BANKS
9.56%
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OTHERS
23.92%

Top Holdings

Item
%
ball
-
-
Top Holdings
Sectors
%
ball
FERTILIZER
19.30%
ball
OIL & GAS EXPLORATION COMPANIES
18.31%
ball
CEMENT
14.30%
ball
POWER GENERATION & DISTRIBUTION
11.66%
ball
COMMERCIAL BANKS
9.56%
ball
OTHERS
23.92%

Top Holdings

Instrument
%
ball
-
-
Distributions
Date
PKR/unit
Ex-NAV
yield (%)
No data to show
No data is currently available
Fund Literature

General

Offering Document (revised April 15th, 2024)

Fund Manager Reports

FMR Mar 2024
FMR Apr 2024
FMR May 2024
FMR Jun 2024
FMR Jul 2024
FMR Aug 2024
FMR Sep 2024
FMR Oct 2024
FMR Nov 2024

Shariah Compliance

Shariah Audit Certificate June 2023
FAQs
Everything you need to know about MICF.
What are the risks of investing in Mahaana Save+ (MICF)?
Cash deposited into Mahaana Save+ is invested into Mahaana Islamic Cash Fund (MICF). MICF invests this cash into short term Shariah-compliant securities including corporate sukuks, government sukuks and bank placements. These investment avenues are considered low risk and stable compared to other assets. However MICF may get negative returns.
Mahaana is a member of Mutual Funds Association of Pakistan (MUFAP) and regulated by the Securities & Exchange Commission of Pakistan (SECP) as a non-bank financial company (NBFC). All of your funds are stored with the Central Depository Company (CDC). Mahaana does not have direct access to your funds and all transactions on your account are validated by CDC. Additionally, funds can only be withdrawn into a bank account that’s in your name.
Is there any front-end or back-end load?
No front-end load (deposit charges) or back-end load (withdrawal charges) are charged with Save+ (MICF).
Is Mahaana Save+ (MICF) Shariah-complaint?
Yes, please view the documents under Financial Literature > Shariah Compliance.
Are there any taxes when I invest in Mahaana Save+ (MICF)?
For tax filers: 15% tax on capital gains (CGT) on withdrawals and 25% on dividend gains (dividend deposited directly into bank account).
For non-filers: 15% tax on capital gains (CGT) on withdrawals and 50% on dividend gains (dividend deposited directly into bank account).
How do I receive my returns?
Returns are automatically added to your account on a daily basis. You can view your profits by logging into the Mahaana webapp.
How long does it take to deposit or withdraw cash?
Deposits and withdrawals are usually processed within 1-2 business days.

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