Mutual Fund
BMA Islamic Noor Cash Fund
Overview
Fund Details
Fund Objective
The objective of BMA Islamic Noor Cash Fund is to provide competitive halal returns while maintaining liquidity through investments in Shariah-compliant money market and short-term Islamic income instruments.
Fund Benefits
100% Halal Returns fully aligned with Shariah principles.
Earn competitive yields with stable returns
Quick and easy access to your cash when you need it.
Ideal for investors with low-risk appetite
Diversified and compliant exposure
Managed by seasoned fund managers
Key Features
| Particulars | Details |
|---|---|
| Fund Type | Open-End |
| Category | Shariah Compliant Money Market |
| Benchmark | 90% three months PKISRV rates + 10% three months average of the highest rates on savings account of three AA rated scheduled Islamic Banks or Islamic Windows of Conventional Banks as selected by MUFAP. |
| Dealing Days | Monday to Friday |
| Cut-off Timings | 9:00 AM to 3:30 PM |
| Pricing Mechanism | Forward Pricing |
| Minimum Investment | Rs. 5,000/ (Rupees five thousand only) |
| Management Fee | Up to 1.25% p.a. of Average Annual Net Assets |
| Sales Load (Front-end) | 1.00% |
| Sales Load (Back-end) | Nil |
| Contingent Load | Nil |
| Risk Profile | Low |
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