Home
 
  Quick Links
  Downloads
  Knowledge Center
  Links
  Financials
  Tax Credit Calculator
 
News & Events
ANNOUNCEMENT OF INTERIM PAYOUTS - JANUARY 27, 2012

We are pleased to announce that the Chief Executive Officer of IGI Funds Limited on behalf of The Board of Directors has declared the following Interim distribution out of its income for the period ended January 27, 2012...

Read more  


NOTICE OF BOOK CLOSURE FOR IGI MONEY MARKET FUND AND IGI AGGRESSIVE INCOME FUND MANAGED BY IGI FUNDS LIMITED

This is to inform you that the Register of Unit-Holder of IGI Money Market Fund and IGI Aggressive Income Fund (managed by IGI Funds Limited) maintained by the Management Company in its capacity as Transfer Agent at 7th, Floor, The Forum, Suite # 701-713, G-20, Khayaban-e-Jami, Block-9, Clifton, Karachi shall remain closed on January 30, 2012 for determining...

Read more  


Announcement of Interim Payouts - December 27, 2011

We are pleased to announce that the Chief Executive Officer of IGI Funds Limited on behalf of The Board of Directors has declared the following Interim distribution out of its income for the period ended December 27, 2011 in the form of Bonus Units to Growth Unit Holders...

Read more  


NOTICE OF BOOK CLOSURE FOR IGI INCOME FUND, IGI ISLAMIC INCOME FUND AND IGI MONEY MARKET FUND MANAGED BY IGI FUNDS LIMITED

This is to inform you that the Register of Unit-Holders of IGI Income Fund, IGI Islamic Income Fund and IGI Money Market Fund (managed by IGI Funds Limited) maintained by the Management Company in its capacity as Transfer Agent at 7 th , Floor, The Forum, Suite # 701-713, G-20, Khayaban-e-Jami, Block-9, Clifton, Karachi shall be closed from December 28, 2011 to December 29, 2011 for...

Read more  


IGI MONEY MARKET FUND (OPEN END FUND) INTERIM DISTRIBUTION FOR THE PERIOD ENDED November 28, 2011

We are pleased to announce that the Chief Executive Officer on behalf of The Board of Directors of IGI Funds Limited, the Asset Management Company of IGI Money Market Fund (IGI MMF) has declared interim payout of its income for...

Read more  


NOTICE OF BOOK CLOSURE FOR IGI MONEY MARKET FUND MANAGED BY IGI FUNDS LIMITED

This is to inform you that the Register of Unit-Holders of IGI Money Market Fund (managed by IGI Funds Limited) maintained by the Management Company in its capacity as Transfer Agent at 7th, Floor, The Forum, Suite # 701-713, G-20, Khayaban-e-Jami, Block-9, Clifton, Karachi shall remain closed on November 29, 2011 for determining...

Read more  


Announcement of Interim Payout of IGI Money Market Fund - October 28, 2011

We are pleased to announce that the Chief Executive on behalf of The Board of Directors of IGI Funds Limited, the Asset Management Company of IGI Money Market Fund (IGI MMF) has declared interim payout of its income for the period ended October 27, 2011 in the form of Bonus units to Growth Unit Holders and Cash Dividend to Income Uni holders.

Read more  


CLOSING SALE OF UNITS OF IGI CAPITAL PROTECTED FUND MANAGED BY IGI FUNDS LIMITED

IGI Funds Limited, the Management Company announces that in terms of Clause 5.4 of the Trust Deed and clause 3.4 of the Offering Document, the new subscription / sale of Units of IGI Capital Protected Fund ("the Fund") shall be closed...

Read more  


NOTICE OF BOOK CLOSURE FOR IGI MONEY MARKET FUND MANAGED BY IGI FUNDS LIMITED

This is to inform you that the Register of Unit-Holders of IGI Money Market Fund (managed by IGI Funds Limited) maintained by the Management Company in its capacity as Transfer Agent at 7th, Floor, The Forum, Suite # 701-713, G-20, Khayaban-e-Jami, Block-9, Clifton, Karachi shall remain closed on October 28, 2011 for determining ...

Read more  


Announcement of Interim Payouts - September 28, 2011

We are pleased to announce that the Chief Executive Officer of IGI Funds Limited on behalf of The Board of Directors has declared the following Interim distribution out of its income for the period ended September 28, 2011 in the form of Bonus Units to Growth Unit Holders and Cash Dividend to income unit holders

Read more  


NOTICE OF BOOK CLOSURE FOR IGI MONEY MARKET FUND MANAGED BY IGI FUNDS LIMITED

This is to inform you that the Register of Unit-Holders of IGI Money Market Fund (managed by IGI Funds Limited) maintained by the Management Company in its capacity as Transfer Agent at 7th, Floor, The Forum, Suite # 701-713, G-20, Khayaban-e-Jami, Block-9, Clifton, Karachi shall remain closed on September 29, 2011 for determining...

Read more  


NOTICE OF BOOK CLOSURE OF IGI INCOME FUND AND IGI ISLAMIC INCOME FUND MANAGED BY IGI FUNDS LIMITED

This is to inform you that the Register of Unit-Holders of IGI Income Fund and IGI Islamic Income Fund (managed by IGI Funds Limited) maintained by the Management Company in its capacity as Transfer Agent at 7th, Floor, The Forum, Suite # 701-713, G-20, Khayaban-e-Jami, Block-9, Clifton, Karachi shall remain closed on September 29, 2011 for determining ...

Read more  


IGI MONEY MARKET FUND (OPEN END FUND) INTERIM DISTRIBUTION FOR THE PERIOD ENDED AUGUST 28, 2011

We are pleased to announce that the Chief Executive on behalf of The Board of Directors of IGI Funds Limited, the Asset Management Company of IGI Money Market Fund (IGI MMF) has approved the following Interim distribution out of its income for the period ended August 28, 2011...

Read more  


NOTICE OF BOOK CLOSURE FOR IGI MONEY MARKET FUND MANAGED BY IGI FUNDS LIMITED

This is to inform you that the Register of Unit-Holders of IGI Money Market Fund (managed by IGI Funds Limited) maintained by the Management Company in its capacity as Transfer Agent at 7th, Floor, The Forum, Suite # 701-713, G-20, Khayaban-e-Jami, Block-9, Clifton, Karachi shall remain closed on...

Read more  


IGI MONEY MARKET FUND (OPEN END FUND) INTERIM DISTRIBUTION FOR THE PERIOD ENDED JULY 28, 2011

We are pleased to announce that the Chief Executive on behalf of The Board of Directors of IGI Funds Limited, the Asset Management Company of IGI Money Market Fund (IGI MMF) has approved the following Interim distribution out of its income for the period ended July 28, 2011 in the form of Bonus Units to Growth Unit Holders and Cash Dividend to income unit holders.

Read more  


NOTICE OF BOOK CLOSURE FOR IGI MONEY MARKET FUND MANAGED BY IGI FUNDS LIMITED

This is to inform you that the Register of Unit-Holders of IGI Money Market Fund (managed by IGI Funds Limited) maintained by the Management Company in its capacity as Transfer Agent at 7th, Floor, The Forum, Suite # 701-713, G-20, Khayaban-e-Jami, Block-9, Clifton, Karachi shall remain closed on July 29, 2011 for determining the entitlement to any dividend/bonus that may be declared by the Management Company.

Read more  


IGI Funds Announces Final Distribution for IGI Income Fund, IGI Stock Fund, IGI Islamic Income Fund & IGI Money Market Fund

KARACHI (July 05 2011): The meeting of the board of directors of IGI Funds Limited, management company of IGI Income Fund, IGI Stock Fund, IGI Islamic Income Fund and IGI Money Market Fund was held on July 5, 2011 to consider and approve distribution of Dividend/Bonus to the Unit Holders of IGI Income Fund, IGI Stock Fund, IGI Islamic Income Fund and IGI Money Market Fund ...

Read more  


NOTICE OF BOOK CLOSURE FOR IGI INCOME FUND, IGI STOCK FUND, IGI ISLAMIC INCOME FUND, IGI MONEY MARKET FUND & IGI AGGRESSIVE INCOME FUND MANAGED BY IGI FUNDS LIMITED

This is to inform you that the Register of Unit-Holders of IGI Income Fund, IGI Stock Fund, IGI Islamic Income, IGI Money Market Fund and IGI Aggressive Income Fund (managed by IGI Funds Limited) maintained by the Management Company in its capacity as Transfer Agent...

Read more  


IGI MONEY MARKET FUND (OPEN END FUND) INTERIM DISTRIBUTION FOR THE PERIOD ENDED MAY 29, 2011

We are pleased to announce that the Chief Executive on behalf of The Board of Directors of IGI Funds Limited, the Asset Management Company of IGI Money Market Fund has approved...

Read more  


NOTICE OF BOOK CLOSURE FOR IGI MONEY MARKET FUND MANAGED BY IGI FUNDS LIMITED

This is to inform you that the Register of Unit-Holders of IGI Money Market Fund (managed by IGI Funds Limited) maintained by the Management Company in its capacity as Transfer Agent at 7th, Floor, The Forum, Suite # 701-713, G-20, Khayaban-e-Jami, Block-9, Clifton, Karachi shall remain closed on May 30, 2011 for determining the entitlement to any dividend/bonus that may be declared by the Management Company.

Read more  


Interim Distribution for the Period ended April 28, 2011 for IGI Money Market Fund

We are pleased to announce that the Chief Executive on behalf of The Board of Directors of IGI Funds Limited, the Asset Management Company of IGI Money Market Fund has declared an Interim Payout of its income for the period ended April 28, 2011 in the form of Bonus Units to Growth Unit Holders and Cash Dividends to Income Unit Holders.

Read more  


IGI Funds Limited offers personal accident FREE

IGI Funds Ltd. in collaboration with IGI Insurance Ltd is offering complimentary personal accident insurance to all retail investors. This offer is being extended to all existing and new investors of IGI Income Fund (IGI-IF), IGI Money Market Fund (IGI-MMF), IGI Stock Fund (IGI-SF) & IGI Aggressive Income Fund (IGI-AIF)...

Read more  


NOTICE TO UNIT-HOLDERS OF IGI INCOME FUND, IGI MONEY MARKET FUND & IGI STOCK FUND MANAGED BY IGI FUNDS LIMITED

The Unit-holders of IGI Income Fund, IGI Money Market Fund and IGI Stock Fund, managed by IGI Funds Limited, are hereby notified that the certain amendments have been made in the Offering Documents of above Funds. These amendments have been made in accordance with the changes introduced through NBFC & NE Regulations 2008, various circulars, directives and notifications issued by Securities and Exchange Commission of Pakistan.

Read more  


NOTICE OF BOOK CLOSURE FOR IGI MONEY MARKET FUND MANAGED BY IGI FUNDS LIMITED

This is to inform you that the Register of Unit-Holders of IGI Money Market Fund (managed by IGI Funds Limited) maintained by the Management Company in its capacity as Transfer Agent at 7th, Floor, The Forum, Suite # 701- 713, G-20, Khayaban-e-Jami, Block-9, Clifton, Karachi will be closed on April 29, 2011 for determining the entitlement to any dividend/bonus that may be declared by the Management Company.

Read more  


Interim Distribution for the Period ended March 27, 2011 for IGI Income Fund, IGI Islamic Income Fund and IGI Money Market Fund

We are pleased to announce that the Chief Executive on behalf of The Board of Directors of IGI Funds Limited, the Asset Management Company of IGI Income Fund, IGI Islamic Income Fund and IGI Money Market Fund has declared a Interim Payout of its income…

Read more  


NOTICE OF BOOK CLOSURE FOR IGI INCOME FUND, IGI ISLAMIC INCOME FUND & IGI MONEY MARKET FUND MANAGED BY IGI FUNDS LIMITED

This is to inform you that the Register of Unit-Holders of IGI Income Fund, IGI Islamic Income and IGI Money Market Fund(managed by IGI Funds Limited) maintained by the Management…

Read more  


IGI Aggressive Income Fund (IGI-AIF) is now Rated "BBB(f)" by PACRA

The Pakistan Credit Rating Agency (PACRA) has assigned a stability rating of ‘BBB (f)’ (Triple B – fund rating) to IGI Aggressive Income Fund (IGI-AIF), an open-end aggressive income fund. The fund’s rating denotes an adequate capacity to manage...

Read more  


IGI Islamic Income Fund is now Rated "A + (f)" by PACRA

The Pakistan Credit Rating Agency (PACRA) has assigned a stability rating of ‘A+ (f)’ (Single A Plus – fund rating) to IGI Islamic Income Fund (IGI-IIF), an open-end Shariah compliant income fund. The fund’s rating indicates a strong capacity ...

Read more  


JCR-VIS Assigns Management Quality Rating of AM2- to IGI Funds Limited

Karachi: JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has assigned Management Quality Rating of ‘AM2-’ (AM-Two Minus) with a stable outlook to IGI Funds Limited. This credit rating is indicative of the sound governance structure instituted at the management company and is an affirmation of the confidence...

Read more  


 
  
Knowledge Center
What is a mutual fund?

A mutual fund is an investment vehicle comprising a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, securities, treasury notes and other capital markets instruments.

Mutual funds in Pakistan are registered and legally established in the form of a Trust, under the Trust Act of 1882. The mutual fund industry is regulated by, the Securities and Exchange Commission of Pakistan (SECP) which licenses each Asset Management Company in strict compliance with the NBFC Rules, 2003 and requires all AMC’s to obtain an independent rating.

The AMC appoints a team of investment professionals, supported by a team of research analysts to manage the portfolio of the fund in conformity with the stated Investment objective.

What is an Asset Management Company (AMC)?

An Asset Management Company (“AMC”) is a specialized financial institution that provides asset management services to both institutions and individuals.  In Pakistan, AMCs are licensed and regulated by the Securities and Exchange Commission of Pakistan (SECP)

What types of funds are available in Pakistan?

Open-end Funds: Continually issue new units and redeem outstanding units on investor request.  The unit holders buy units of the fund and may redeem them at the published Net Asset Value (NAV). 

Closed-end Funds: Fixed number of share certificates issued by the fund, the units trade in the stock markets.  Market price of the unit certificates is determined by their demand and supply and they are not necessarily traded at the NAV. 

What categories of funds are available in Pakistan?

Money-Market Funds: These funds can invest only in government backed treasury bills (sovereign backed paper) and short-term bank deposits.

Fixed Income Funds: These funds primarily invest in securities that offer a fixed-return such as bank deposits, treasury bills (T-bills), term-finance certificates (TFCs) and other money market instruments.  In comparison to equity funds, the element of risk is low and so is the return.  These funds carry a minimum level of risk and provide competitive returns based on an underlying fixed-income portfolio.

Equity Funds: These funds invest in the domestic equity markets.  Traditionally Equity Funds have produced returns greater than Fixed Income and Money Market funds, however they have a much greater risk attached to them and can experience negative returns.  They are generally highly correlated with the stock index are benchmarked with the KSE 100.

Balanced Funds: These funds carry a mix of equity and fixed income securities in their portfolio.  The element of risk is moderate and tends to be better than fixed- income funds because of the equity component in their portfolio.

Fund of Funds: These funds invest in other mutual funds.

What kind of risk is involved with mutual funds?

Investments in Mutual Funds are subject to market risks.  The value of the units may go up or down based on the investment portfolio of the fund and market conditions.  A fund that aims to achieve a high level of growth will be more volatile than one whose objective is to preserve the original capital.  Complete details regarding the risk associated with the investment in the fund are provided in the offering document.

How do I select a particular fund?

Choice of any fund/scheme would depend to a large extent on the investor preferences.

Investors Choice Type of Fund Recommended
High Liquidity Requirement, Low Risk and Capital Preservation (Short Term Investments) Money Market Funds e.g. IGI Money Market Fund
High Liquidity Requirement, Low Risk and Capital Preservation (Medium Term Investments) Income Fund e.g. IGI Income Fund and IGI Islamic Income Fund
High Risk and High Return Stock Fund e.g. IGI Stock Fund

 

An important aspect while selecting a particular scheme is the duration of the investment.  Depending on your time horizon you can select a particular scheme.  Besides all this, factors including management quality, sponsor background, objective of the fund, independent rating, and returns given by the funds on different schemes should be taken into account while selecting a particular scheme.

What are Sales loads? And how many types of loads are there in most funds in Pakistan?

A mutual fund often charges an entry and/or exit fee. These are also referred to as sales loads. The proceeds of such charges/ load helps the AMC market the fund and cover distributions/sales costs.

  • Front-end load is a charge when investors purchase units.
  • Back-end load is a charge when investors redeem/sell their units.


Back to Top
 
 
  © Copyright 2012 IGI Funds Limited. All rights reserved.    |   Disclaimer