Karachi: All Members are hereby informed that Askari Sovereign Cash Fund has completed all eligibility requirements of the acceptance as collateral, therefore the same would be acceptable as collateral against margins requirements with immediate effect.
The updated list of Open End Funds acceptable as collateral is given below for your reference.
|Sr. No.||Fund Name||Asset Management Company||Category||Front-end Load||Back-end Load|
|1.||Askari Sovereign Cash Fund||Askari Investment Management Limited||Money Market||0%||0%|
|2.||JS Cash Fund||JS investment Limited||Money Market||1%||0%|
|3.||MCB Cash Management Optimizer Fund||MCB-Arif Habib Savings and Investments Limited||Money Market||0%||0%|
|4.||Meezan Cash Fund||Al Meezan Investment Management Limited||Islamic Money Market||0%||0.1%|
|5.||Pakistan Cash Management||MCB-Arif Habib Savings and Investments Limited||Money Market||0%||0.1%|
For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136