Lucky Islamic CASH FUND
The Lucky Islamic Cash Fund (LICF) is a Daily Dividend based Cash Fund under Shariah Compliant Money Market scheme category that aims to provide investors with daily profit returns and capital preservation by investing in a diversified portfolio of short-term money market and fixed-income investments.
Investment Objective
The objective of LICF is to generate regular and stable returns by investing primarily in Shariah Compliant Banks and Shariah Compliant windows of conventional Banks and any other Shariah compliant short-term securities and money market instruments in a Shariah Compliant manner.
Key Benefits
Shariah Compliant daily dividend-based Cash Fund
No minimum holding period of investment
Encashment without any penalty
Diversified investment management reduces overall risk
Easy Online service access on website portal and mobile app
Downloads
About the Fund
Category
Open-end Shariah Compliant Money Market Scheme
Fund Name
Lucky Islamic Cash Fund (LICF)
Launch date
–
IPO/ Subscription Period
–
Performance Benchmark
–
Fund Objective
Lucky Islamic Cash Fund (LICF) investment objective is to generate regular and stable returns by investing primarily in Shariah Compliant Banks and Shariah Compliant windows of conventional Banks and any other Shariah compliant short-term securities and money market instruments in a Shariah Compliant manner.
Minimum Contribution
To open an account is PKR. 5,000/- Subsequent investment of PKR 1,000/-
Risk Profile
Low
Lock-in Period
No lock-in period
Management Fee
Up to 1.25% per annum
Front End Load
Up to 3.00%
Back End Load
None
Subscription / Redemption Days
Monday to Thursday 9:00 am to 3:00pm Friday 9:00 am to 4:00 pm
Asset Manager
Lucky Investments Limited
Shariah Advisor
Mufti Muhammad Hassaan Kaleem
Trustee
Central Depository Company of Pakistan (CDC)
Auditors
Yousuf Adil & Co. Chartered Accountants
