| Name |
HBL Money Market Fund |
| Fund Type |
Open End Money Market Fund |
| Objective |
To seek high liquidity and competitive return for investors by investing in low risk securities of shorter duration, with maturity up to six months, in a manner that weighted average maturity of net assets of the fund is 90 days or less |
| Seed / Core Investor |
Habib Bank Limited |
| Trustee |
Central Depository Company of Pakistan Ltd. (CDC) |
| Auditor |
A.F. Ferguson & Co. Chartered Accountants |
| NAV Calculation |
Daily |
| Management Fee |
1% per annum |
| Sales Load |
0% |
| Trustee Fee |
Rs. 0.7 million or 0.15% p.a. of Net Assets which ever is higher; up to Rs.1 billion
Rs. 1.5 million plus 0.075% p.a. of Net Assets on amount exceeding Rs. 1 Billion
|
| Other Costs |
Brokerage fee, Legal Costs, Auditors fee, Company formation cost, Listing fee, Annual fee to SECP, Trustee’s Fee, Credit Rating fee etc. |
| Initial Offer Price / Par Value |
Rs. 100 |
| Minimum Investment Size |
Rs. 5000 |
| Subsequent investment |
Rs. 1000 |
| |
|
| Classes of Units |
|
| Class R (Restricted) Units |
These Units are issued at Par Value with the condition that they cannot be redeemed for a period of two years from the date of closure of Initial Public Offering (IPO). These units are to be issued to Habib Bank Limited. |
| Class A Units |
Issued to pre-IPO / IPO investors at par value |
| Class B Units |
Issued to all types of investors after expiry of IPO |
Class C units
|
Offered and issued after the Initial Public Offering (IPO). In case of any distribution, Class C Unit holders shall be entitled to receive cash dividend only. |
| Tax Benefit |
 |
Capital Gain on disposition of units of HBL Money Market Fund is exempt from tax up to June 30, 2010 |
|
Cash Dividend: Individual & Corporate 10% |
|
Tax Credit up to an investment of PKR 300,000 is available on the purchase of new units |
| |
|
| IPO Dates |
12 th, 13 th & 14th July 2010 |
| |
|
